The case pertains to an application for the withdrawal of the Corporate Insolvency Resolution (CIR) Process initiated in case No. IB/1494/ND/2019. The application was filed before the National Company Law Tribunal (NCLT), New Delhi.
Mr. Amit Industries Pvt. Ltd. filed a petition against M/s. Svasca Industries India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). An application was moved for the withdrawal of the CIR Process initiated in case No. IB/1494/ND/2019. The NCLT heard the submissions of the petitioner's counsel, the IRP, and the corporate debtor's representatives. The application for withdrawal was considered, and the court permitted the withdrawal of the CIR Process.
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Order delivered on the…
CIR Process initiated…
The case pertains to an application for the withdrawal of the Corporate Insolvency Resolution (CIR) Process initiated in case No. IB/1494/ND/2019. The application was filed before the National Company Law Tribunal (NCLT), New Delhi.
Mr. Amit Industries Pvt. Ltd. filed a petition against M/s. Svasca Industries India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). An application was moved for the withdrawal of the CIR Process initiated in case No. IB/1494/ND/2019. The NCLT heard the submissions of the petitioner's counsel, the IRP, and the corporate debtor's representatives. The application for withdrawal was considered, and the court permitted the withdrawal of the CIR Process.
Order delivered on the…
CIR Process initiated…