The case involves Oswal Polychem as the Operational Creditor and Northern India Leather Cloth Manufacturing Co. Private Limited as the Corporate Debtor. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 9 of the IBC Code 2016.
Oswal Polychem initiated proceedings against Northern India Leather Cloth Manufacturing Co. Private Limited under Section 9 of the IBC Code 2016, acting as the Operational Creditor against the Corporate Debtor. The Operational Creditor's counsel appeared before the NCLT and stated that the matter had been settled. The counsel requested to withdraw the petition based on instructions from their client. The NCLT then dismissed the petition as withdrawn.
Sign in to view the parties.
The NCLT delivered an…
The case involves Oswal Polychem as the Operational Creditor and Northern India Leather Cloth Manufacturing Co. Private Limited as the Corporate Debtor. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 9 of the IBC Code 2016.
Oswal Polychem initiated proceedings against Northern India Leather Cloth Manufacturing Co. Private Limited under Section 9 of the IBC Code 2016, acting as the Operational Creditor against the Corporate Debtor. The Operational Creditor's counsel appeared before the NCLT and stated that the matter had been settled. The counsel requested to withdraw the petition based on instructions from their client. The NCLT then dismissed the petition as withdrawn.
The NCLT delivered an…