The case pertains to an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The operational creditor, Manglik Press Pvt Ltd., initiated proceedings against the corporate debtor, Vivaan Creation LLP. During the proceedings, both parties' counsels submitted that the matter had been settled.
Manglik Press Pvt Ltd., the operational creditor, filed an application under Section 9 of the IBC against Vivaan Creation LLP, the corporate debtor. During the proceedings, counsels for both parties submitted that the matter had been settled. The operational creditor then filed a withdrawal pursis seeking permission to withdraw the matter. The key fact is the settlement between the parties, leading to the withdrawal request.
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The case pertains to an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The operational creditor, Manglik Press Pvt Ltd., initiated proceedings against the corporate debtor, Vivaan Creation LLP. During the proceedings, both parties' counsels submitted that the matter had been settled.
Manglik Press Pvt Ltd., the operational creditor, filed an application under Section 9 of the IBC against Vivaan Creation LLP, the corporate debtor. During the proceedings, counsels for both parties submitted that the matter had been settled. The operational creditor then filed a withdrawal pursis seeking permission to withdraw the matter. The key fact is the settlement between the parties, leading to the withdrawal request.
The order was…
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