The case pertains to an application under Section 9 of the IBC (Insolvency and Bankruptcy Code) filed by M/s Avon Containers Pvt Ltd against M/s Shipra Engineering Works Pvt Ltd. The applicant sought initiation of the corporate insolvency resolution process against the respondent.
M/s Avon Containers Pvt Ltd, the applicant, filed an application under Section 9 of the IBC against M/s Shipra Engineering Works Pvt Ltd, the respondent. The applicant's counsel, Mr. Bhaskar, stated that the parties have settled the matter, and the applicant has received the claim amount. Consequently, the applicant was instructed to withdraw the application. This settlement led to the disposal of the case.
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The case pertains to an application under Section 9 of the IBC (Insolvency and Bankruptcy Code) filed by M/s Avon Containers Pvt Ltd against M/s Shipra Engineering Works Pvt Ltd. The applicant sought initiation of the corporate insolvency resolution process against the respondent.
M/s Avon Containers Pvt Ltd, the applicant, filed an application under Section 9 of the IBC against M/s Shipra Engineering Works Pvt Ltd, the respondent. The applicant's counsel, Mr. Bhaskar, stated that the parties have settled the matter, and the applicant has received the claim amount. Consequently, the applicant was instructed to withdraw the application. This settlement led to the disposal of the case.
Order delivered by the…