The case pertains to an application filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016 read with Rule 11 of the NCLT Rules, 2016, seeking withdrawal of the application and recording the settlement between the parties. The application was placed before the Tribunal, and it was noted that the application had been moved in the Registry but had not yet reached the Tribunal. The diary number of the application is 0710102156852019 dated 2019-11-29.
M/s. Hariprasad Gopikrishna Jewellers Pvt. Ltd. filed a petition against M/s. Midas Infra Trade Ltd. under Section 9 of the IBC. An application was filed under Section 60(5) of IBC, 2016 read with Rule 11 of NCLT Rules 2016 for withdrawal of the application and recording the settlement between the parties. The IRP reported that the COC had not yet been constituted. The parties submitted that the matter had been amicably resolved. The application contained Diary No. 0710102156852019 dated 2019-11-29. The relevance of the IRP's report and the parties' submissions is that they formed the basis for the Tribunal's decision to allow the withdrawal of the application.
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Application fi…
Order delivered…
The case pertains to an application filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016 read with Rule 11 of the NCLT Rules, 2016, seeking withdrawal of the application and recording the settlement between the parties. The application was placed before the Tribunal, and it was noted that the application had been moved in the Registry but had not yet reached the Tribunal. The diary number of the application is 0710102156852019 dated 2019-11-29.
M/s. Hariprasad Gopikrishna Jewellers Pvt. Ltd. filed a petition against M/s. Midas Infra Trade Ltd. under Section 9 of the IBC. An application was filed under Section 60(5) of IBC, 2016 read with Rule 11 of NCLT Rules 2016 for withdrawal of the application and recording the settlement between the parties. The IRP reported that the COC had not yet been constituted. The parties submitted that the matter had been amicably resolved. The application contained Diary No. 0710102156852019 dated 2019-11-29. The relevance of the IRP's report and the parties' submissions is that they formed the basis for the Tribunal's decision to allow the withdrawal of the application.
Application fi…
Order delivered…