M/s. Tegral India Private Limited, as the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Aastha Autotech Private Limited, the Corporate Debtor, for an outstanding amount of Rs. 1,46,64,585.61/-. The Company Petition was pending admission before the National Company Law Tribunal, Chandigarh Bench.
M/s. Tegral India Private Limited (Applicant/Operational Creditor) filed an application under Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
The application sought withdrawal of the Company Petition CP(IB) No. 36/Chd/Pb/2026.
The Company Petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Aastha Autotech Private Limited (Respondent/Corporate Debtor).
The Company Petition sought initiation of Corporate Insolvency Resolution Process (CIRP) for an alleged outstanding amount of Rs. 1,46,64,585.61/-.
The Company Petition was yet to be admitted by the Tribunal.
The parties amicably resolved the dispute and executed a Settlement Agreement dated 01.09.2026.
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The parties amicably…
The Tribunal issued an order granting three…
M/s. Tegral India Private Limited, as the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Aastha Autotech Private Limited, the Corporate Debtor, for an outstanding amount of Rs. 1,46,64,585.61/-. The Company Petition was pending admission before the National Company Law Tribunal, Chandigarh Bench.
M/s. Tegral India Private Limited (Applicant/Operational Creditor) filed an application under Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
The application sought withdrawal of the Company Petition CP(IB) No. 36/Chd/Pb/2026.
The Company Petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Aastha Autotech Private Limited (Respondent/Corporate Debtor).
The Company Petition sought initiation of Corporate Insolvency Resolution Process (CIRP) for an alleged outstanding amount of Rs. 1,46,64,585.61/-.
The Company Petition was yet to be admitted by the Tribunal.
The parties amicably resolved the dispute and executed a Settlement Agreement dated 01.09.2026.
…The parties amicably…
The Tribunal issued an order granting three…