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 The Corporate Debtor's counsel submitted that the appeal has been withdrawn.
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 due to a settlement. The Corporate Debtor had challenged the admission order before the NCLAT (CA(AT)(Insolvency) No. 1291 of 2019), but the appeal was withdrawn. The IRP's costs and fees are to be paid by the Corporate Debtor.
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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 The Corporate Debtor's counsel submitted that the appeal has been withdrawn.
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 due to a settlement. The Corporate Debtor had challenged the admission order before the NCLAT (CA(AT)(Insolvency) No. 1291 of 2019), but the appeal was withdrawn. The IRP's costs and fees are to be paid by the Corporate Debtor.
Hearing held on…
Corporate Debtor challenged the order of…
Sign in to view related legal provisions.