The case pertains to CP(IB) No. 318/Chd/Chd/2019 under Section 9 of the IBC 2016. Mulakh Raj Rajinder Kumar, the petitioner and operational creditor, filed a petition against Malwa Cotton Spinning Mills Ltd., the respondent and corporate debtor. The matter was presented through video conferencing.
Mulakh Raj Rajinder Kumar, an operational creditor, filed a petition (CP(IB) No. 318/Chd/Chd/2019) under Section 9 of the Insolvency and Bankruptcy Code (IBC) 2016 against Malwa Cotton Spinning Mills Ltd., the corporate debtor. The petitioner's counsel submitted that the matter has been settled between the parties, and the corporate debtor has paid the entire amount due. As a result, the petitioner sought to withdraw the petition. The NCLT considered the submission and ordered the petition to be dismissed as withdrawn.
Sign in to view the parties.
CP(IB) No. 318/Chd/Chd/2…
Petition dismissed as…
The case pertains to CP(IB) No. 318/Chd/Chd/2019 under Section 9 of the IBC 2016. Mulakh Raj Rajinder Kumar, the petitioner and operational creditor, filed a petition against Malwa Cotton Spinning Mills Ltd., the respondent and corporate debtor. The matter was presented through video conferencing.
Mulakh Raj Rajinder Kumar, an operational creditor, filed a petition (CP(IB) No. 318/Chd/Chd/2019) under Section 9 of the Insolvency and Bankruptcy Code (IBC) 2016 against Malwa Cotton Spinning Mills Ltd., the corporate debtor. The petitioner's counsel submitted that the matter has been settled between the parties, and the corporate debtor has paid the entire amount due. As a result, the petitioner sought to withdraw the petition. The NCLT considered the submission and ordered the petition to be dismissed as withdrawn.
CP(IB) No. 318/Chd/Chd/2…
Petition dismissed as…