Polyset Plastics Pvt. Ltd. filed a company petition against Shreya Life Science Pvt. Ltd. before the NCLT Mumbai Bench. The petition was filed under the I & BP Code 2016. During the hearing on 2017-12-14, the counsel for both the petitioner and the corporate debtor were present. The petitioner filed a withdrawal memo with consent terms. The court, after reviewing the withdrawal memo and the consent terms signed between the parties, dismissed the company petition as withdrawn. This indicates that the parties reached an agreement outside of court, leading to the petitioner withdrawing the petition with the consent of the other party.

Polyset Plastics Pvt. Ltd. filed a company petition against Shreya Life Science Pvt. Ltd. before the NCLT Mumbai Bench. The petition was filed under the I & BP Code 2016. During the hearing on 2017-12-14, the counsel for both the petitioner and the corporate debtor were present. The petitioner filed a withdrawal memo with consent terms. The court, after reviewing the withdrawal memo and the consent terms signed between the parties, dismissed the company petition as withdrawn. This indicates that the parties reached an agreement outside of court, leading to the petitioner withdrawing the petition with the consent of the other party.