The case pertains to an application filed under Section 9 of the Bankruptcy and Insolvency Act, 2016. The Operational Creditor sought leave of the court to file consent terms.
Masani Polymers Pvt Ltd filed a petition against Prashant Plastic Industries LLP under Section 9 of the Bankruptcy and Insolvency Act, 2016. The Operational Creditor sought leave of the court for filing consent terms. The court allowed the prayer, took the consent terms on record, and dismissed the petition as withdrawn. This indicates that the parties reached a settlement, leading to the withdrawal of the petition.
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Hearing of Mumbai Bench…
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The case pertains to an application filed under Section 9 of the Bankruptcy and Insolvency Act, 2016. The Operational Creditor sought leave of the court to file consent terms.
Masani Polymers Pvt Ltd filed a petition against Prashant Plastic Industries LLP under Section 9 of the Bankruptcy and Insolvency Act, 2016. The Operational Creditor sought leave of the court for filing consent terms. The court allowed the prayer, took the consent terms on record, and dismissed the petition as withdrawn. This indicates that the parties reached a settlement, leading to the withdrawal of the petition.
Hearing of Mumbai Bench…
Sign in to view related legal provisions.