The case involves Shiva Transport Co., an operational creditor, filing a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Inox Wind Limited, the corporate debtor. The petitioner sought to initiate the corporate insolvency resolution process against the respondent. A withdrawal memo dated 19.07.2019 was submitted by the petitioner's representative, detailing cheque information and payment schedules.
Shiva Transport Co., the operational creditor, filed a petition against Inox Wind Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petitioner then submitted a withdrawal memo dated 19.07.2019, detailing cheque information and payment schedules, and requesting permission to withdraw the petition. The withdrawal memo also indicated that one of the payments would be made through RTGS. The respondent-Corporate Debtor provided an undertaking. The court considered the withdrawal memo and the undertaking.
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The petitioner submitted a withdrawal memo dated…
The court delivered an…
The case involves Shiva Transport Co., an operational creditor, filing a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Inox Wind Limited, the corporate debtor. The petitioner sought to initiate the corporate insolvency resolution process against the respondent. A withdrawal memo dated 19.07.2019 was submitted by the petitioner's representative, detailing cheque information and payment schedules.
Shiva Transport Co., the operational creditor, filed a petition against Inox Wind Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petitioner then submitted a withdrawal memo dated 19.07.2019, detailing cheque information and payment schedules, and requesting permission to withdraw the petition. The withdrawal memo also indicated that one of the payments would be made through RTGS. The respondent-Corporate Debtor provided an undertaking. The court considered the withdrawal memo and the undertaking.
The petitioner submitted a withdrawal memo dated…
The court delivered an…