The case pertains to a transfer petition before the National Company Law Tribunal (NCLT), Hyderabad. The matter involves Madhucon Projects Ltd as the company, Johnson Lifts Pvt Ltd as the petitioner, and Madhucon Projects Ltd as the respondent. The application is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).
The case involves a petition filed by Johnson Lifts Pvt Ltd against Madhucon Projects Ltd under Section 9 of the IBC. Both the operational creditor (Johnson Lifts Pvt Ltd) and the corporate debtor (Madhucon Projects Ltd) appeared through their respective counsels. A joint memo was filed, indicating that the matter had been settled between the parties. The operational creditor then sought permission to withdraw the petition. The relevance of these facts lies in demonstrating the settlement of the dispute and the subsequent withdrawal of the insolvency proceedings.
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Hearing held on 22.07.2021 at 10:30 AM where…
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The case pertains to a transfer petition before the National Company Law Tribunal (NCLT), Hyderabad. The matter involves Madhucon Projects Ltd as the company, Johnson Lifts Pvt Ltd as the petitioner, and Madhucon Projects Ltd as the respondent. The application is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).
The case involves a petition filed by Johnson Lifts Pvt Ltd against Madhucon Projects Ltd under Section 9 of the IBC. Both the operational creditor (Johnson Lifts Pvt Ltd) and the corporate debtor (Madhucon Projects Ltd) appeared through their respective counsels. A joint memo was filed, indicating that the matter had been settled between the parties. The operational creditor then sought permission to withdraw the petition. The relevance of these facts lies in demonstrating the settlement of the dispute and the subsequent withdrawal of the insolvency proceedings.
Hearing held on 22.07.2021 at 10:30 AM where…
Sign in to view related legal provisions.