The case pertains to CP (IB) No. 265/KB/2020, involving M/s. Ajay Sales & Service as the Operational Creditor versus Simplex Infrastructures Ltd. The hearing took place on October 12, 2020. Counsel for both the Operational Creditor and the Corporate Debtor appeared through video conference.
The case involves M/s. Ajay Sales & Service (Operational Creditor) and Simplex Infrastructures Ltd. The hearing was held on October 12, 2020. Mr. Sandip Joshi, representing the Operational Creditor, stated that the matter had been amicably settled between the parties. Consequently, the Operational Creditor requested permission to withdraw the Corporate Petition. The NCLT granted this permission, disposing of the C.P. as withdrawn. This indicates a resolution outside of formal legal proceedings, leading to the case's closure.
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Hearing held on October 12, 2020, where the…
The case pertains to CP (IB) No. 265/KB/2020, involving M/s. Ajay Sales & Service as the Operational Creditor versus Simplex Infrastructures Ltd. The hearing took place on October 12, 2020. Counsel for both the Operational Creditor and the Corporate Debtor appeared through video conference.
The case involves M/s. Ajay Sales & Service (Operational Creditor) and Simplex Infrastructures Ltd. The hearing was held on October 12, 2020. Mr. Sandip Joshi, representing the Operational Creditor, stated that the matter had been amicably settled between the parties. Consequently, the Operational Creditor requested permission to withdraw the Corporate Petition. The NCLT granted this permission, disposing of the C.P. as withdrawn. This indicates a resolution outside of formal legal proceedings, leading to the case's closure.
Hearing held on October 12, 2020, where the…