The case pertains to a transfer petition before the National Company Law Tribunal (NCLT), Hyderabad Bench. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). Rosy Blue (India) Pvt Ltd is the petitioner, and Meena Jewellers Pvt Ltd is the respondent. The matter was listed for hearing on February 4, 2019.
Rosy Blue (India) Pvt Ltd filed a petition against Meena Jewellers Pvt Ltd under Section 9 of the IBC. The counsel for both the operational creditor (Rosy Blue) and the corporate debtor (Meena Jewellers) were present during the hearing. A memo was filed stating that both parties had settled their claims. The petition had not yet been admitted by the NCLT. The settlement between the parties is the key fact that led to the withdrawal and dismissal of the petition.
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CP(IB) No.305/9/HDB/2018…
Hearing held on 04.02.2019 at 10.30 AM. Memo…
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The case pertains to a transfer petition before the National Company Law Tribunal (NCLT), Hyderabad Bench. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). Rosy Blue (India) Pvt Ltd is the petitioner, and Meena Jewellers Pvt Ltd is the respondent. The matter was listed for hearing on February 4, 2019.
Rosy Blue (India) Pvt Ltd filed a petition against Meena Jewellers Pvt Ltd under Section 9 of the IBC. The counsel for both the operational creditor (Rosy Blue) and the corporate debtor (Meena Jewellers) were present during the hearing. A memo was filed stating that both parties had settled their claims. The petition had not yet been admitted by the NCLT. The settlement between the parties is the key fact that led to the withdrawal and dismissal of the petition.
CP(IB) No.305/9/HDB/2018…
Hearing held on 04.02.2019 at 10.30 AM. Memo…
Sign in to view related legal provisions.