The case involves a Company Petition IB/146/2021 before the National Company Law Tribunal (NCLT), Hyderabad Bench. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The hearing was conducted via video conference on July 22, 2021.
The Company Petition IB/146/2021 was filed by Archana Sarda and Others against Legend Estates Pvt Ltd. The petition was filed under Section 7 of the IBC. The financial creditor's counsel appeared via video conference and stated that the matter had been settled and a memo was filed on record. The petitioner then sought permission to withdraw the petition. The key fact is the settlement between the parties, leading to the request for withdrawal of the petition.
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Hearing of the National Company Law Tribunal,…
The case involves a Company Petition IB/146/2021 before the National Company Law Tribunal (NCLT), Hyderabad Bench. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The hearing was conducted via video conference on July 22, 2021.
The Company Petition IB/146/2021 was filed by Archana Sarda and Others against Legend Estates Pvt Ltd. The petition was filed under Section 7 of the IBC. The financial creditor's counsel appeared via video conference and stated that the matter had been settled and a memo was filed on record. The petitioner then sought permission to withdraw the petition. The key fact is the settlement between the parties, leading to the request for withdrawal of the petition.
Hearing of the National Company Law Tribunal,…