The case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016. Meghmani Industries Ltd., the operational creditor, initiated the insolvency proceedings against Jaswant Rasayan Pvt. Ltd., the corporate debtor.
Meghmani Industries Ltd., located in Ahmedabad, Gujarat, filed a petition against Jaswant Rasayan Pvt. Ltd., located in Hissar, Haryana, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner, Meghmani Industries Ltd., sought to withdraw the petition, indicating a settlement between the parties. The court, presided over by Hon'ble Mr. M.K. Shrawat (Judicial Member) and Hon'ble Mr. Pradeep R. Sethi (Technical Member), permitted the withdrawal, and the petition was dismissed.
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The case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016. Meghmani Industries Ltd., the operational creditor, initiated the insolvency proceedings against Jaswant Rasayan Pvt. Ltd., the corporate debtor.
Meghmani Industries Ltd., located in Ahmedabad, Gujarat, filed a petition against Jaswant Rasayan Pvt. Ltd., located in Hissar, Haryana, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner, Meghmani Industries Ltd., sought to withdraw the petition, indicating a settlement between the parties. The court, presided over by Hon'ble Mr. M.K. Shrawat (Judicial Member) and Hon'ble Mr. Pradeep R. Sethi (Technical Member), permitted the withdrawal, and the petition was dismissed.
The court delivered an order dismissing the…
Sign in to view related legal provisions.