The case involves an application filed by the applicant/financial creditor under Rule 11 of the NCLT Rules for withdrawal of the CP (Company Petition) as a settlement has been reached. The Corporate Debtor had previously challenged the order of admission before the Hon'ble NCLAT in CA(AT)(Insolvency) No. 1291 of 2019. The appeal has been withdrawn as per today's order.
Dr. SC Ahuja & Anr. filed a case against Kashish Developers Ltd. under Section 7 of the IBC. The applicant/financial creditor filed an application under Rule 11 of the NCLT Rules for withdrawal of the CP as settlement has been made. The Corporate Debtor had challenged the order of admission before the Hon'ble NCLAT being CA(AT)(Insolvency) No. 1291 of 2019, but the appeal was withdrawn. The Ld. Counsel for the IRP submitted that costs and fees of the IRP are to be paid, and the Ld. Counsel for the Corporate Debtor undertook to pay these costs and fees.
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The Corporate Debtor challenged the order of…
Attendance-cum-order…
The case involves an application filed by the applicant/financial creditor under Rule 11 of the NCLT Rules for withdrawal of the CP (Company Petition) as a settlement has been reached. The Corporate Debtor had previously challenged the order of admission before the Hon'ble NCLAT in CA(AT)(Insolvency) No. 1291 of 2019. The appeal has been withdrawn as per today's order.
Dr. SC Ahuja & Anr. filed a case against Kashish Developers Ltd. under Section 7 of the IBC. The applicant/financial creditor filed an application under Rule 11 of the NCLT Rules for withdrawal of the CP as settlement has been made. The Corporate Debtor had challenged the order of admission before the Hon'ble NCLAT being CA(AT)(Insolvency) No. 1291 of 2019, but the appeal was withdrawn. The Ld. Counsel for the IRP submitted that costs and fees of the IRP are to be paid, and the Ld. Counsel for the Corporate Debtor undertook to pay these costs and fees.
The Corporate Debtor challenged the order of…
Attendance-cum-order…