The case pertains to an insolvency petition filed under the Insolvency and Bankruptcy Code, 2016. The petitioner sought withdrawal of the petition based on a One Time Settlement approved by the Bank.
The State Bank of India filed an insolvency petition against Vindhya Vasini Buildcon Pvt Ltd. During the proceedings, a One Time Settlement was approved by the Bank. Consequently, the counsel for the petitioner, State Bank of India, requested the court to allow the withdrawal of the insolvency petition. The court, acknowledging the petitioner's request, dismissed the petition as withdrawn.
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Order sheet…
The case pertains to an insolvency petition filed under the Insolvency and Bankruptcy Code, 2016. The petitioner sought withdrawal of the petition based on a One Time Settlement approved by the Bank.
The State Bank of India filed an insolvency petition against Vindhya Vasini Buildcon Pvt Ltd. During the proceedings, a One Time Settlement was approved by the Bank. Consequently, the counsel for the petitioner, State Bank of India, requested the court to allow the withdrawal of the insolvency petition. The court, acknowledging the petitioner's request, dismissed the petition as withdrawn.
Order sheet…