The matter was taken up through Virtual Hearing. The Petitioner filed a memo of withdrawal dated 26.03.2021, indicating that the parties have settled out of Court and the Petitioner has already received Rs. 20,00,000/- towards full and final settlement of the claim.
The Petitioner filed a petition, C.P.(IB)-3446(MB)/2019, before the National Company Law Tribunal (NCLT), Mumbai Bench. During the proceedings, the parties reached a settlement out of court. As part of the settlement, the Petitioner received Rs. 20,00,000/- towards full and final settlement of the claim. Consequently, the Petitioner filed a memo of withdrawal dated 26.03.2021, indicating their intention to withdraw the petition. The court accepted the withdrawal memo.
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The matter was taken up through Virtual Hearing. The Petitioner filed a memo of withdrawal dated 26.03.2021, indicating that the parties have settled out of Court and the Petitioner has already received Rs. 20,00,000/- towards full and final settlement of the claim.
The Petitioner filed a petition, C.P.(IB)-3446(MB)/2019, before the National Company Law Tribunal (NCLT), Mumbai Bench. During the proceedings, the parties reached a settlement out of court. As part of the settlement, the Petitioner received Rs. 20,00,000/- towards full and final settlement of the claim. Consequently, the Petitioner filed a memo of withdrawal dated 26.03.2021, indicating their intention to withdraw the petition. The court accepted the withdrawal memo.
The Petitioner filed a memo of withdrawal…
The court dis…
Sign in to view related legal provisions.