The case pertains to CP(IB) No. 119/9/NCLT/AHM/2019 before the Ahmedabad Bench of the National Company Law Tribunal (NCLT). The Operational Creditor/Petitioner filed an IB petition under Section 9 of the Insolvency and Bankruptcy Code. The petitioner sought to withdraw the IB petition.
The Operational Creditor/Petitioner, PAVAN S GODIAWALA, initiated an insolvency proceeding against Alaukik Innovations Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code. The Petitioner received Rs. 35,00,000/- as full and final settlement of its debt. Consequently, the Petitioner sought to withdraw the IB petition. The Learned Counsel of the Petitioner filed pursis with a request to withdraw the IB petition, in view of matter is settled out of Court.
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The Ahmedabad Bench of the National Company…
The case pertains to CP(IB) No. 119/9/NCLT/AHM/2019 before the Ahmedabad Bench of the National Company Law Tribunal (NCLT). The Operational Creditor/Petitioner filed an IB petition under Section 9 of the Insolvency and Bankruptcy Code. The petitioner sought to withdraw the IB petition.
The Operational Creditor/Petitioner, PAVAN S GODIAWALA, initiated an insolvency proceeding against Alaukik Innovations Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code. The Petitioner received Rs. 35,00,000/- as full and final settlement of its debt. Consequently, the Petitioner sought to withdraw the IB petition. The Learned Counsel of the Petitioner filed pursis with a request to withdraw the IB petition, in view of matter is settled out of Court.
The Ahmedabad Bench of the National Company…