Goldman Sachs Investments (Mauritius) Ltd, the Financial Creditor, initiated insolvency proceedings against Nitesh Pune Mall Pvt Ltd, the Corporate Debtor, under Section 7 of the Insolvency & Bankruptcy Code, 2016. Subsequently, the Financial Creditor filed a withdrawal memo on 2019-03-11 seeking to withdraw the petition. The counsel representing the Financial Creditor sought leave of the court for withdrawing the petition. The court allowed the withdrawal, and the petition was dismissed as withdrawn. The relevance of the withdrawal suggests that the Financial Creditor may have reached a settlement with the Corporate Debtor or had other reasons for not pursuing the insolvency proceedings.

Goldman Sachs Investments (Mauritius) Ltd, the Financial Creditor, initiated insolvency proceedings against Nitesh Pune Mall Pvt Ltd, the Corporate Debtor, under Section 7 of the Insolvency & Bankruptcy Code, 2016. Subsequently, the Financial Creditor filed a withdrawal memo on 2019-03-11 seeking to withdraw the petition. The counsel representing the Financial Creditor sought leave of the court for withdrawing the petition. The court allowed the withdrawal, and the petition was dismissed as withdrawn. The relevance of the withdrawal suggests that the Financial Creditor may have reached a settlement with the Corporate Debtor or had other reasons for not pursuing the insolvency proceedings.