The case involves Mr. Jyoti Handa as the applicant/petitioner and Krrish Shalimar Projects Pvt. Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 7 of the Insolvency & Bankruptcy Code, 2016. The petitioner's counsel presented an order dated 03.05.2019 passed by the Supreme Court in Writ Petition Civil No. 577 of 2019, concerning Krrish Shalimar Projects Pvt. Ltd. v. Union of India & Ors.
Mr. Jyoti Handa filed a petition against Krrish Shalimar Projects Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. During the proceedings, the petitioner's counsel presented an order dated 03.05.2019 from the Supreme Court in Writ Petition Civil No. 577 of 2019, involving Krrish Shalimar Projects Pvt. Ltd. v. Union of India & Ors. The respondent's counsel stated that they would refund the petitioner's money within three months, as per the Supreme Court's order and an agreement reached with Manjula Khullar. This statement was crucial as it led the NCLT to conclude that the petition was no longer necessary, given the impending refund.
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The Supreme Court passed an order in Writ…
The NCLT disposed of CP No. (IB)-113(PB)/2019…
The case involves Mr. Jyoti Handa as the applicant/petitioner and Krrish Shalimar Projects Pvt. Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 7 of the Insolvency & Bankruptcy Code, 2016. The petitioner's counsel presented an order dated 03.05.2019 passed by the Supreme Court in Writ Petition Civil No. 577 of 2019, concerning Krrish Shalimar Projects Pvt. Ltd. v. Union of India & Ors.
Mr. Jyoti Handa filed a petition against Krrish Shalimar Projects Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. During the proceedings, the petitioner's counsel presented an order dated 03.05.2019 from the Supreme Court in Writ Petition Civil No. 577 of 2019, involving Krrish Shalimar Projects Pvt. Ltd. v. Union of India & Ors. The respondent's counsel stated that they would refund the petitioner's money within three months, as per the Supreme Court's order and an agreement reached with Manjula Khullar. This statement was crucial as it led the NCLT to conclude that the petition was no longer necessary, given the impending refund.
The Supreme Court passed an order in Writ…
The NCLT disposed of CP No. (IB)-113(PB)/2019…