The case involves Anand Oil Company versus Jagadamba Industries Ltd. The matter was listed before the National Company Law Tribunal (NCLT), Kolkata Bench. The counsel for the Operational Creditor appeared and submitted that the matter was settled out of the Tribunal.
The key facts are that Anand Oil Company initiated a Corporate Insolvency Resolution Process (CIRP) against Jagadamba Industries Ltd. under Section 9 of the IBC. However, the matter was settled out of the Tribunal. The counsel for the Operational Creditor appeared before the NCLT, Kolkata Bench, and submitted that a settlement had been reached. Based on this submission, the counsel sought permission to withdraw the matter. The Tribunal granted permission, and the Company Petition was withdrawn and disposed of.
Sign in to view the parties.
Hearing held on March 18, 2019, at 10:30 A.M.…
The Tribunal granted permission to withdraw…
The case involves Anand Oil Company versus Jagadamba Industries Ltd. The matter was listed before the National Company Law Tribunal (NCLT), Kolkata Bench. The counsel for the Operational Creditor appeared and submitted that the matter was settled out of the Tribunal.
The key facts are that Anand Oil Company initiated a Corporate Insolvency Resolution Process (CIRP) against Jagadamba Industries Ltd. under Section 9 of the IBC. However, the matter was settled out of the Tribunal. The counsel for the Operational Creditor appeared before the NCLT, Kolkata Bench, and submitted that a settlement had been reached. Based on this submission, the counsel sought permission to withdraw the matter. The Tribunal granted permission, and the Company Petition was withdrawn and disposed of.
Hearing held on March 18, 2019, at 10:30 A.M.…
The Tribunal granted permission to withdraw…