The case involves CA Nos.231/2019 & 562/2019 and CP (IB) No.368/Chd/Pb/2018 under Section 9 of the Insolvency and Bankruptcy Code, 2016. CA No. 562/2019 was filed by the operational creditor to withdraw the captioned matter pursuant to a settlement deed. CA No. 231/2019 was filed by the respondent-corporate debtor to place on record a certificate stating that the yarn supplied suffered from low quality. CP (IB) No.368/Chd/Pb/2018 was the original insolvency petition.
M/s APM Industries Limited (Unit Orient Syntex) filed an insolvency petition CP (IB) No.368/Chd/Pb/2018 against Shital Fibers Limited & Ors. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor, APM Industries, sought to withdraw the petition CA No. 562/2019 based on a settlement deed dated 2019-07-22. Shital Fibers Limited, the corporate debtor, filed CA No. 231/2019 to place on record a certificate dated 2019-03-22 from a Chartered Engineer indicating that the yarn supplied suffered from low quality. Members of the Bar were abstaining from work.
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The case involves CA Nos.231/2019 & 562/2019 and CP (IB) No.368/Chd/Pb/2018 under Section 9 of the Insolvency and Bankruptcy Code, 2016. CA No. 562/2019 was filed by the operational creditor to withdraw the captioned matter pursuant to a settlement deed. CA No. 231/2019 was filed by the respondent-corporate debtor to place on record a certificate stating that the yarn supplied suffered from low quality. CP (IB) No.368/Chd/Pb/2018 was the original insolvency petition.
M/s APM Industries Limited (Unit Orient Syntex) filed an insolvency petition CP (IB) No.368/Chd/Pb/2018 against Shital Fibers Limited & Ors. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor, APM Industries, sought to withdraw the petition CA No. 562/2019 based on a settlement deed dated 2019-07-22. Shital Fibers Limited, the corporate debtor, filed CA No. 231/2019 to place on record a certificate dated 2019-03-22 from a Chartered Engineer indicating that the yarn supplied suffered from low quality. Members of the Bar were abstaining from work.
Insolvency petition…
Date of the certificate issued by the…
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