The case involves M/s Tuberose Products India Pvt. Ltd. as the applicant and Mak Medicals Pvt. Ltd. Ors. as the respondent. The matter pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The applicant sought to withdraw the petition.
M/s Tuberose Products India Pvt. Ltd. filed an application against Mak Medicals Pvt. Ltd. Ors. under Section 9 of the IBC. The applicant and respondent reached a settlement, with the applicant stating that all costs, including those related to the IRP, had been paid. The Committee of Creditors (CoC) was not constituted, and only a publication was made. The Operational Creditor and ex-Director were also involved in the settlement. Consequently, the applicant sought to withdraw the petition, which the court allowed, dismissing the petition.
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Order delivered on…
The case involves M/s Tuberose Products India Pvt. Ltd. as the applicant and Mak Medicals Pvt. Ltd. Ors. as the respondent. The matter pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The applicant sought to withdraw the petition.
M/s Tuberose Products India Pvt. Ltd. filed an application against Mak Medicals Pvt. Ltd. Ors. under Section 9 of the IBC. The applicant and respondent reached a settlement, with the applicant stating that all costs, including those related to the IRP, had been paid. The Committee of Creditors (CoC) was not constituted, and only a publication was made. The Operational Creditor and ex-Director were also involved in the settlement. Consequently, the applicant sought to withdraw the petition, which the court allowed, dismissing the petition.
Order delivered on…