The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s Jatinder Singh & Associates, Chartered Accountants, against Shiva Texfabs Ltd. The petitioner sought initiation of the corporate insolvency resolution process against the respondent.
M/s Jatinder Singh & Associates, Chartered Accountants, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Shiva Texfabs Ltd., seeking to initiate the corporate insolvency resolution process. The petitioner and respondent subsequently reached a settlement. The petitioner's counsel presented the settlement document and copies of cheques issued by the respondent-corporate debtor to the court. Based on this settlement, the petitioner sought to withdraw the petition.
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Corporate Insolvency…
Order delivered…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s Jatinder Singh & Associates, Chartered Accountants, against Shiva Texfabs Ltd. The petitioner sought initiation of the corporate insolvency resolution process against the respondent.
M/s Jatinder Singh & Associates, Chartered Accountants, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Shiva Texfabs Ltd., seeking to initiate the corporate insolvency resolution process. The petitioner and respondent subsequently reached a settlement. The petitioner's counsel presented the settlement document and copies of cheques issued by the respondent-corporate debtor to the court. Based on this settlement, the petitioner sought to withdraw the petition.
Corporate Insolvency…
Order delivered…