The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). The Authorised Representative of the petitioner has withdrawn the instant petition with liberty to pursue the petition for winding up of the company already pending before the Hon'ble High Court of Punjab and Haryana.
SIDBI filed a petition against Nexgen Laminators Pvt. Ltd. before the NCLT Chandigarh Bench. The Authorised Representative of the petitioner, SIDBI, withdrew the petition with liberty to pursue a winding-up petition already pending before the High Court of Punjab and Haryana. The NCLT dismissed the petition as withdrawn with liberty. The key fact is the withdrawal of the insolvency petition in favor of pursuing a winding-up petition in the High Court.
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The NCLT dismi…
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The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). The Authorised Representative of the petitioner has withdrawn the instant petition with liberty to pursue the petition for winding up of the company already pending before the Hon'ble High Court of Punjab and Haryana.
SIDBI filed a petition against Nexgen Laminators Pvt. Ltd. before the NCLT Chandigarh Bench. The Authorised Representative of the petitioner, SIDBI, withdrew the petition with liberty to pursue a winding-up petition already pending before the High Court of Punjab and Haryana. The NCLT dismissed the petition as withdrawn with liberty. The key fact is the withdrawal of the insolvency petition in favor of pursuing a winding-up petition in the High Court.
The NCLT dismi…
Sign in to view related legal provisions.