The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) filed by Birinder Kaur and Col. Sarbjit Singh Malhri against M/s. Parkwood Developers Pvt. Ltd. The financial creditor sought to initiate corporate insolvency resolution process against the corporate debtor.
Birinder Kaur and Col. Sarbjit Singh Malhri, the financial creditors, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) against M/s. Parkwood Developers Pvt. Ltd., the corporate debtor. The financial creditor sought to initiate the corporate insolvency resolution process. The application was heard by the National Company Law Tribunal (NCLT), New Delhi. The financial creditor was permitted to withdraw the application because it was not inconsonance with law enforce.
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Order delivered on the…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) filed by Birinder Kaur and Col. Sarbjit Singh Malhri against M/s. Parkwood Developers Pvt. Ltd. The financial creditor sought to initiate corporate insolvency resolution process against the corporate debtor.
Birinder Kaur and Col. Sarbjit Singh Malhri, the financial creditors, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) against M/s. Parkwood Developers Pvt. Ltd., the corporate debtor. The financial creditor sought to initiate the corporate insolvency resolution process. The application was heard by the National Company Law Tribunal (NCLT), New Delhi. The financial creditor was permitted to withdraw the application because it was not inconsonance with law enforce.
Order delivered on the…