The case involves Seth Muralidhar Mansingka Charity Trust as the applicant/petitioner and Saha Infratech Pvt. Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 7 of the Insolvency & Bankruptcy Code, 2016.
Seth Muralidhar Mansingka Charity Trust filed an application against Saha Infratech Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The parties involved reached an amicable settlement. The corporate debtor, Saha Infratech Pvt. Ltd., issued post-dated cheques according to the payment plan specified in the application. The petitioner, Seth Muralidhar Mansingka Charity Trust, confirmed that the cheques as per the settlement were duly received. Consequently, the petitioner withdrew the application. The court dismissed the application as withdrawn, granting the petitioner the liberty to revive the petition if necessary. The key fact is the amicable settlement leading to the withdrawal of the application, indicating a resolution outside of formal
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The case involves Seth Muralidhar Mansingka Charity Trust as the applicant/petitioner and Saha Infratech Pvt. Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 7 of the Insolvency & Bankruptcy Code, 2016.
Seth Muralidhar Mansingka Charity Trust filed an application against Saha Infratech Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The parties involved reached an amicable settlement. The corporate debtor, Saha Infratech Pvt. Ltd., issued post-dated cheques according to the payment plan specified in the application. The petitioner, Seth Muralidhar Mansingka Charity Trust, confirmed that the cheques as per the settlement were duly received. Consequently, the petitioner withdrew the application. The court dismissed the application as withdrawn, granting the petitioner the liberty to revive the petition if necessary. The key fact is the amicable settlement leading to the withdrawal of the application, indicating a resolution outside of formal
…Application filed under…
Order delivered…