The case involves Mrs. Sonia Dhingra as the applicant/petitioner and Sunshine Trade Tower Ltd. as the respondent. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petitioner's counsel stated that a settlement deed had been executed between the parties, with payments assured by post-dated cheques. The total amount claimed by the petitioner was Rs. 53,67,469/-.
Mrs. Sonia Dhingra filed a petition against Sunshine Trade Tower Ltd. under Section 7 of the IBC, claiming Rs. 53,67,469/-. A settlement deed was executed between the parties, with payments assured by post-dated cheques. Based on this settlement, the petitioner's counsel applied for withdrawal of the petition, seeking liberty to revive the proceedings if needed. The court considered the settlement and the request for withdrawal.
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The order was delivered dismissing the petition…
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The case involves Mrs. Sonia Dhingra as the applicant/petitioner and Sunshine Trade Tower Ltd. as the respondent. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petitioner's counsel stated that a settlement deed had been executed between the parties, with payments assured by post-dated cheques. The total amount claimed by the petitioner was Rs. 53,67,469/-.
Mrs. Sonia Dhingra filed a petition against Sunshine Trade Tower Ltd. under Section 7 of the IBC, claiming Rs. 53,67,469/-. A settlement deed was executed between the parties, with payments assured by post-dated cheques. Based on this settlement, the petitioner's counsel applied for withdrawal of the petition, seeking liberty to revive the proceedings if needed. The court considered the settlement and the request for withdrawal.
The order was delivered dismissing the petition…
Sign in to view related legal provisions.