The case pertains to an application under Section 12A of the IB Code for withdrawal of an application. The application, IB No. 3489 of 2019, was initially filed under Section 9 of the IB Code 2016.
M/s. Himalayan Ales Pvt. Ltd. filed an application (IB No. 3489/ND/2019) under Section 9 of the Insolvency and Bankruptcy Code (IBC) against M/s. Zedx Hospitality Pvt. Ltd. Subsequently, an application under Section 12A of the IB Code was filed to withdraw the initial application. The court heard the submissions of the operational creditor's counsel and reviewed the application's contents. The initial application under Section 9 was dismissed as withdrawn, and the application for withdrawal was allowed.
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Order delivered on the…
The case pertains to an application under Section 12A of the IB Code for withdrawal of an application. The application, IB No. 3489 of 2019, was initially filed under Section 9 of the IB Code 2016.
M/s. Himalayan Ales Pvt. Ltd. filed an application (IB No. 3489/ND/2019) under Section 9 of the Insolvency and Bankruptcy Code (IBC) against M/s. Zedx Hospitality Pvt. Ltd. Subsequently, an application under Section 12A of the IB Code was filed to withdraw the initial application. The court heard the submissions of the operational creditor's counsel and reviewed the application's contents. The initial application under Section 9 was dismissed as withdrawn, and the application for withdrawal was allowed.
Order delivered on the…