The petitioner sought to withdraw the petition, citing non-compliance with the IBC, 2016. The petitioner's counsel requested liberty to file the same petition on the same cause of action, which was initially filed under the IBC Code, 2016.
KBL Trading Company filed a petition against Periwinkle Herbals (P) Ltd under Section 9 of the IBC Code, 2016. The petitioner, KBL Trading Company, sought to withdraw the petition because it was not in compliance with the IBC, 2016. The petitioner's counsel requested the court to grant liberty to file the same petition on the same cause of action after complying with the due procedure and addressing maintainability issues under the provisions of IBC, 2016. The court considered Rule 8 of the IBBI (Application to Adjudicating Authority) Rules, 2016.
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Order delivered on 23.7.2018, permitting the…
The petitioner sought to withdraw the petition, citing non-compliance with the IBC, 2016. The petitioner's counsel requested liberty to file the same petition on the same cause of action, which was initially filed under the IBC Code, 2016.
KBL Trading Company filed a petition against Periwinkle Herbals (P) Ltd under Section 9 of the IBC Code, 2016. The petitioner, KBL Trading Company, sought to withdraw the petition because it was not in compliance with the IBC, 2016. The petitioner's counsel requested the court to grant liberty to file the same petition on the same cause of action after complying with the due procedure and addressing maintainability issues under the provisions of IBC, 2016. The court considered Rule 8 of the IBBI (Application to Adjudicating Authority) Rules, 2016.
Order delivered on 23.7.2018, permitting the…