The application was filed by the applicant seeking permission to withdraw the application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The reason for seeking withdrawal is the settlement talks between the parties at the time of filing the present application. The application indicates that the parties have entered into settlement talks and the matter is likely to be settled.
Pallash Portfolios Pvt. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Today Hotels (New Delhi) Pvt. Ltd. Subsequently, Pallash Portfolios Pvt. Ltd. sought to withdraw the application due to settlement talks between the parties. The application indicated that the parties had entered into settlement talks and the matter was likely to be settled. The court considered this application for withdrawal.
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The application was filed by the applicant seeking permission to withdraw the application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The reason for seeking withdrawal is the settlement talks between the parties at the time of filing the present application. The application indicates that the parties have entered into settlement talks and the matter is likely to be settled.
Pallash Portfolios Pvt. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Today Hotels (New Delhi) Pvt. Ltd. Subsequently, Pallash Portfolios Pvt. Ltd. sought to withdraw the application due to settlement talks between the parties. The application indicated that the parties had entered into settlement talks and the matter was likely to be settled. The court considered this application for withdrawal.
The applicant filed an application seeking…
The court allowed the application for…
Sign in to view related legal provisions.