The case involves M/s. Intec Capital Ltd. as the applicant/petitioner and M/s. New Print India Pvt. Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT) in New Delhi under Section 7 of the Insolvency & Bankruptcy Code, 2016. The learned counsel for the petitioner stated that an amicable settlement had been reached between the parties, and the settlement was duly executed on 2019-02-01. A copy of the settlement was placed on record.
M/s. Intec Capital Ltd. filed a petition against M/s. New Print India Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. During the proceedings, the petitioner's counsel informed the court that an amicable settlement had been reached between the parties. This settlement was duly executed on 2019-02-01, and a copy was placed on record. Based on this settlement, the petitioner sought to withdraw the petition. The key fact is the amicable settlement, which led to the withdrawal request and subsequent dismissal of the petition.
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Amicable settlement…
The NCLT dismi…
The case involves M/s. Intec Capital Ltd. as the applicant/petitioner and M/s. New Print India Pvt. Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT) in New Delhi under Section 7 of the Insolvency & Bankruptcy Code, 2016. The learned counsel for the petitioner stated that an amicable settlement had been reached between the parties, and the settlement was duly executed on 2019-02-01. A copy of the settlement was placed on record.
M/s. Intec Capital Ltd. filed a petition against M/s. New Print India Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. During the proceedings, the petitioner's counsel informed the court that an amicable settlement had been reached between the parties. This settlement was duly executed on 2019-02-01, and a copy was placed on record. Based on this settlement, the petitioner sought to withdraw the petition. The key fact is the amicable settlement, which led to the withdrawal request and subsequent dismissal of the petition.
Amicable settlement…
The NCLT dismi…