The case pertains to CP(IB) 58 of 2020 before the National Company Law Tribunal (NCLT), Indore Bench at Ahmedabad. Jain Engineering Works filed a petition against Simtrad Overseas Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted through video conferencing.
Jain Engineering Works initiated an insolvency petition against Simtrad Overseas Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the petitioner, represented by Mr. Pratik Tripathi, PCS, filed a pursis seeking to withdraw the petition. The NCLT, Indore Bench at Ahmedabad, granted permission for the withdrawal. Consequently, the court dismissed the petition CP(IB) 58/2020 as withdrawn. The key fact is the petitioner's decision to withdraw the petition, leading to its dismissal.
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The case pertains to CP(IB) 58 of 2020 before the National Company Law Tribunal (NCLT), Indore Bench at Ahmedabad. Jain Engineering Works filed a petition against Simtrad Overseas Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted through video conferencing.
Jain Engineering Works initiated an insolvency petition against Simtrad Overseas Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the petitioner, represented by Mr. Pratik Tripathi, PCS, filed a pursis seeking to withdraw the petition. The NCLT, Indore Bench at Ahmedabad, granted permission for the withdrawal. Consequently, the court dismissed the petition CP(IB) 58/2020 as withdrawn. The key fact is the petitioner's decision to withdraw the petition, leading to its dismissal.
The NCLT dis…
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