The case involves a Company Petition/Application with the number CP(IB) NO. 205/9/AMR/2019 filed before the National Company Law Tribunal, Amaravathi Bench. The petitioner, Karbon Energy, sought to initiate corporate insolvency resolution process against the respondent, Sri Teja Bio Fuels Pvt Ltd. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Karbon Energy filed a Company Petition (CP(IB) NO. 205/9/AMR/2019) against Sri Teja Bio Fuels Pvt Ltd under Section 9 of the IBC. The case was heard on 2020-02-12. Subsequently, Karbon Energy filed a memo seeking withdrawal of the CP, which was dated 2020-02-10. The court accepted the memo and granted permission to withdraw the petition under Rule 8 of the Bankruptcy (Application to Adjudicating Authority) Rules 2016. As a result, the CP was dismissed as withdrawn. The key fact is the petitioner's decision to withdraw the petition, leading to its dismissal.
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The petitioner, Karbon…
The court h…
The case involves a Company Petition/Application with the number CP(IB) NO. 205/9/AMR/2019 filed before the National Company Law Tribunal, Amaravathi Bench. The petitioner, Karbon Energy, sought to initiate corporate insolvency resolution process against the respondent, Sri Teja Bio Fuels Pvt Ltd. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Karbon Energy filed a Company Petition (CP(IB) NO. 205/9/AMR/2019) against Sri Teja Bio Fuels Pvt Ltd under Section 9 of the IBC. The case was heard on 2020-02-12. Subsequently, Karbon Energy filed a memo seeking withdrawal of the CP, which was dated 2020-02-10. The court accepted the memo and granted permission to withdraw the petition under Rule 8 of the Bankruptcy (Application to Adjudicating Authority) Rules 2016. As a result, the CP was dismissed as withdrawn. The key fact is the petitioner's decision to withdraw the petition, leading to its dismissal.
The petitioner, Karbon…
The court h…