The case involves an application (IA-1027/ND/2022) within an insolvency proceeding (IB-179/ND/2021) before the National Company Law Tribunal (NCLT), New Delhi. The applicant sought withdrawal of the IB-179/ND/2021 petition because the matter had been settled between the parties.
JSH Packagings filed an insolvency petition (IB-179/ND/2021) against Aditya Intersces Pvt. Ltd. Subsequently, JSH Packagings filed IA-1027/ND/2022 seeking to withdraw the insolvency petition, stating that the matter had been settled between the parties. The learned counsel for JSH Packagings requested permission for liberty, which the court denied. The key fact is the settlement between the parties, leading to the withdrawal request.
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The case involves an application (IA-1027/ND/2022) within an insolvency proceeding (IB-179/ND/2021) before the National Company Law Tribunal (NCLT), New Delhi. The applicant sought withdrawal of the IB-179/ND/2021 petition because the matter had been settled between the parties.
JSH Packagings filed an insolvency petition (IB-179/ND/2021) against Aditya Intersces Pvt. Ltd. Subsequently, JSH Packagings filed IA-1027/ND/2022 seeking to withdraw the insolvency petition, stating that the matter had been settled between the parties. The learned counsel for JSH Packagings requested permission for liberty, which the court denied. The key fact is the settlement between the parties, leading to the withdrawal request.
Order delivered on the…
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