The case pertains to an application under the Insolvency and Bankruptcy Code (IBC). The operational creditor filed a withdrawal memo, leading to the dismissal of the case.
The key facts are that AGGCON ENTERPRISES INTERNATIONAL PVT LTD filed an application (IBA/474/2019) against URC CONSTRUCTION PVT LTD under Section 9 Rule 6 of the IBC. Subsequently, the operational creditor (AGGCON) filed a withdrawal memo, leading to the dismissal of the case. The relevance of the withdrawal is that it indicates a possible settlement or resolution between the parties outside of the formal insolvency proceedings.
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Hearing held a…
Application IBA/474/2019 dismissed as withdrawn…
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The case pertains to an application under the Insolvency and Bankruptcy Code (IBC). The operational creditor filed a withdrawal memo, leading to the dismissal of the case.
The key facts are that AGGCON ENTERPRISES INTERNATIONAL PVT LTD filed an application (IBA/474/2019) against URC CONSTRUCTION PVT LTD under Section 9 Rule 6 of the IBC. Subsequently, the operational creditor (AGGCON) filed a withdrawal memo, leading to the dismissal of the case. The relevance of the withdrawal is that it indicates a possible settlement or resolution between the parties outside of the formal insolvency proceedings.
Hearing held a…
Application IBA/474/2019 dismissed as withdrawn…
Sign in to view related legal provisions.