The case involves a dispute between M/s. Lavis Signature Panel Pvt. Ltd. and M/s. Nikunj Woods Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) had been initiated against M/s. Nikunj Woods Pvt. Ltd. However, the Hon'ble NCLAT, in Company Appeal (AT) Insolvency No. 847/19, issued an order dated 13.09.2019, setting aside the order of admission that initiated the CIRP. The NCLT acknowledged this decision and terminated the CIRP, closing the proceedings. The key fact is the NCLAT's reversal of the CIRP initiation, which directly led to the NCLT's decision to close the case.

The case involves a dispute between M/s. Lavis Signature Panel Pvt. Ltd. and M/s. Nikunj Woods Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) had been initiated against M/s. Nikunj Woods Pvt. Ltd. However, the Hon'ble NCLAT, in Company Appeal (AT) Insolvency No. 847/19, issued an order dated 13.09.2019, setting aside the order of admission that initiated the CIRP. The NCLT acknowledged this decision and terminated the CIRP, closing the proceedings. The key fact is the NCLAT's reversal of the CIRP initiation, which directly led to the NCLT's decision to close the case.