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. A settlement deed was executed between the parties, with payments assured by post-dated cheques. The total amount claimed by the petitioner was Rs. 53,67,469/-. The petitioner's counsel requested withdrawal of the petition based on the settlement. The relevance of the settlement deed is that it forms the basis for the petitioner's request to withdraw the insolvency petition, indicating a resolution or potential resolution of the underlying debt.
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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. A settlement deed was executed between the parties, with payments assured by post-dated cheques. The total amount claimed by the petitioner was Rs. 53,67,469/-. The petitioner's counsel requested withdrawal of the petition based on the settlement. The relevance of the settlement deed is that it forms the basis for the petitioner's request to withdraw the insolvency petition, indicating a resolution or potential resolution of the underlying debt.
Order delivered on…