The case pertains to CP(IB)/66(CHE)/2021 filed before the National Company Law Tribunal, Chennai. The petitioner's counsel stated that a memo of withdrawal has been filed as the matter has been settled out of court.
The petitioner, M/S Sanghi Transport Company, filed a case CP(IB)/66(CHE)/2021 against the respondent, M/S The India Cements Limited, under Section 9 Rule 6 of IBC, 2016. The petitioner's counsel stated that the matter has been settled out of court, and a memo of withdrawal has been filed. Consequently, the NCLT dismissed the case as withdrawn. The key fact is the out-of-court settlement leading to the withdrawal and dismissal of the case.
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The case pertains to CP(IB)/66(CHE)/2021 filed before the National Company Law Tribunal, Chennai. The petitioner's counsel stated that a memo of withdrawal has been filed as the matter has been settled out of court.
The petitioner, M/S Sanghi Transport Company, filed a case CP(IB)/66(CHE)/2021 against the respondent, M/S The India Cements Limited, under Section 9 Rule 6 of IBC, 2016. The petitioner's counsel stated that the matter has been settled out of court, and a memo of withdrawal has been filed. Consequently, the NCLT dismissed the case as withdrawn. The key fact is the out-of-court settlement leading to the withdrawal and dismissal of the case.
Hearing held on…
Petitioner's counsel…
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