The case involves an application for withdrawal of Section 7 proceedings under the Insolvency and Bankruptcy Code (IBC). The initial application was filed under CP-IB-408/ND/2021. The applicant acknowledged a typographical error regarding the rule under which the application was filed. The court considered the submissions and the No Due Certificate issued to co-borrowers.
PNB Housing Finance Ltd. initiated insolvency proceedings against M/s. Star Realcon Pvt. Ltd. under Section 7 of the IBC. The application was filed under CP-IB-408/ND/2021. The applicant, PNB Housing Finance Ltd., later sought to withdraw the application, citing a typographical error in the initial filing. A No Due Certificate dated 25.10.2021 was issued to co-borrowers. The NCLT considered the application for withdrawal and the No Due Certificate.
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A No Due Certificate…
The NCLT delivered the order allowing the…
The case involves an application for withdrawal of Section 7 proceedings under the Insolvency and Bankruptcy Code (IBC). The initial application was filed under CP-IB-408/ND/2021. The applicant acknowledged a typographical error regarding the rule under which the application was filed. The court considered the submissions and the No Due Certificate issued to co-borrowers.
PNB Housing Finance Ltd. initiated insolvency proceedings against M/s. Star Realcon Pvt. Ltd. under Section 7 of the IBC. The application was filed under CP-IB-408/ND/2021. The applicant, PNB Housing Finance Ltd., later sought to withdraw the application, citing a typographical error in the initial filing. A No Due Certificate dated 25.10.2021 was issued to co-borrowers. The NCLT considered the application for withdrawal and the No Due Certificate.
A No Due Certificate…
The NCLT delivered the order allowing the…