The case pertains to an insolvency resolution process before the Ahmedabad Bench of the National Company Law Tribunal (NCLT). The matter was listed for pronouncement of order. The applicant filed an IB petition.
The case involves Heavy Steel Pvt. Ltd. & Ors. as the company and KSL and Industries Ltd. as the respondent. An insolvency petition was filed under Section 7 of the Insolvency and Bankruptcy Code. The matter was settled out of court, and a request for withdrawal of the IB Petition was made by the applicant's advocate, Ms. Natasha Shah. The NCLT allowed the withdrawal with a cost of Rs. 10,000/- to be paid to the Army Welfare Fund.
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The NCLT allowed the withdrawal of the IB…
The case pertains to an insolvency resolution process before the Ahmedabad Bench of the National Company Law Tribunal (NCLT). The matter was listed for pronouncement of order. The applicant filed an IB petition.
The case involves Heavy Steel Pvt. Ltd. & Ors. as the company and KSL and Industries Ltd. as the respondent. An insolvency petition was filed under Section 7 of the Insolvency and Bankruptcy Code. The matter was settled out of court, and a request for withdrawal of the IB Petition was made by the applicant's advocate, Ms. Natasha Shah. The NCLT allowed the withdrawal with a cost of Rs. 10,000/- to be paid to the Army Welfare Fund.
The NCLT allowed the withdrawal of the IB…