The Operational Creditor filed an application to stay the operations of the order dated 2017-07-26 and to permit the withdrawal of the petition, stating that the disputes between the parties have been resolved. The Corporate Debtor also filed an application stating that they have settled with the Operational Creditor regarding all outstanding dues and made a full and final settlement of all claims. Both parties appeared and submitted that there is no dispute between them and wished to withdraw the applications filed under Section 9 of the IBC Code.
Progility Technologies Pvt Ltd (Operational Creditor) filed a petition against OHIO Cardiology Associates India Pvt Ltd (Corporate Debtor) under Section 9 of the IBC. The Operational Creditor filed an application (CA(IB) No. 345/KB/2017) to stay the operations of the order dated 2017-07-26 and to withdraw the petition, stating that the disputes between the parties have been resolved. The Corporate Debtor also filed an application (CA(IB) No. 347/KB/2017) stating that they have settled with the Operational Creditor regarding all outstanding dues and made a full and final settlement of all claims. Both parties appeared and wished to withdraw the applications. The court noted that an Insolvency Resolution Professional (IRP) had already been appointed.
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The Operational Creditor filed an application to stay the operations of the order dated 2017-07-26 and to permit the withdrawal of the petition, stating that the disputes between the parties have been resolved. The Corporate Debtor also filed an application stating that they have settled with the Operational Creditor regarding all outstanding dues and made a full and final settlement of all claims. Both parties appeared and submitted that there is no dispute between them and wished to withdraw the applications filed under Section 9 of the IBC Code.
Progility Technologies Pvt Ltd (Operational Creditor) filed a petition against OHIO Cardiology Associates India Pvt Ltd (Corporate Debtor) under Section 9 of the IBC. The Operational Creditor filed an application (CA(IB) No. 345/KB/2017) to stay the operations of the order dated 2017-07-26 and to withdraw the petition, stating that the disputes between the parties have been resolved. The Corporate Debtor also filed an application (CA(IB) No. 347/KB/2017) stating that they have settled with the Operational Creditor regarding all outstanding dues and made a full and final settlement of all claims. Both parties appeared and wished to withdraw the applications. The court noted that an Insolvency Resolution Professional (IRP) had already been appointed.
Date of the order which…
Hearing on the…
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