The case pertains to CP (IB) No.689/7/NCLT/AHM/2019 before the Ahmedabad Bench of the National Company Law Tribunal. The hearing was conducted through video conferencing. The matter involves Shri Chintan Nayyar V/s Lakshya Lifecare Products Pvt Ltd. The application was filed under Section 7 of the Insolvency & Bankruptcy Code, 2016.
The case involves Shri Chintan Nayyar V/s Lakshya Lifecare Products Pvt Ltd, with proceedings under Section 7 of the Insolvency & Bankruptcy Code, 2016. Counsel for the Financial Creditor, Ms. Karina P on behalf of Mr. Arjun Sheth, and Counsel for the Corporate Debtor, Mr. Monaal J Davawala, both stated that the matter has been settled. Following this, the Financial Creditor filed a withdrawal purshish, leading to the NCLT granting permission for withdrawal and disposal of the proceeding. The key fact is the settlement between the parties, leading to the withdrawal of the insolvency petition.
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The NCLT granted permission for withdrawal…
The case pertains to CP (IB) No.689/7/NCLT/AHM/2019 before the Ahmedabad Bench of the National Company Law Tribunal. The hearing was conducted through video conferencing. The matter involves Shri Chintan Nayyar V/s Lakshya Lifecare Products Pvt Ltd. The application was filed under Section 7 of the Insolvency & Bankruptcy Code, 2016.
The case involves Shri Chintan Nayyar V/s Lakshya Lifecare Products Pvt Ltd, with proceedings under Section 7 of the Insolvency & Bankruptcy Code, 2016. Counsel for the Financial Creditor, Ms. Karina P on behalf of Mr. Arjun Sheth, and Counsel for the Corporate Debtor, Mr. Monaal J Davawala, both stated that the matter has been settled. Following this, the Financial Creditor filed a withdrawal purshish, leading to the NCLT granting permission for withdrawal and disposal of the proceeding. The key fact is the settlement between the parties, leading to the withdrawal of the insolvency petition.
The NCLT granted permission for withdrawal…