Pravinkumar Jitendrakumar Jain is involved in a case with J.C. Enterprises Pvt. Ltd. An application, IA/74(MP)2021, was filed in CP(IB) 22 of 2020, seeking an injunction order upon the CIRP. The matter was settled out of court, with the operational creditor receiving the full amount due from the corporate debtor. Advocates for the operational creditor and the RP confirmed the settlement. Consequently, the applicant requested permission to withdraw the main petition, CP(IB) No. 22 of 2020. The NCLT allowed the withdrawal, dismissing the petition and freeing the corporate debtor from the CIRP. The RP was also discharged from their duties. The application was filed under Rule 11 of NCLT Rules.

Pravinkumar Jitendrakumar Jain is involved in a case with J.C. Enterprises Pvt. Ltd. An application, IA/74(MP)2021, was filed in CP(IB) 22 of 2020, seeking an injunction order upon the CIRP. The matter was settled out of court, with the operational creditor receiving the full amount due from the corporate debtor. Advocates for the operational creditor and the RP confirmed the settlement. Consequently, the applicant requested permission to withdraw the main petition, CP(IB) No. 22 of 2020. The NCLT allowed the withdrawal, dismissing the petition and freeing the corporate debtor from the CIRP. The RP was also discharged from their duties. The application was filed under Rule 11 of NCLT Rules.