The case involves M/s. Navyug Iron Traders as the petitioner and M/s. Air Movement and Control System Pvt. Ltd. as the respondent. The petitioner filed IA/507/2022 stating that the matter has been settled, and the entire amount has been paid by the Corporate Debtor.
M/s. Navyug Iron Traders initiated proceedings against M/s. Air Movement and Control System Pvt. Ltd. under Section 9 of the IBC. The petitioner, Navyug Iron Traders, filed an application (IA/507/2022) stating that the matter had been settled, and the entire amount due had been paid by the Corporate Debtor, Air Movement and Control System Pvt. Ltd. Consequently, the petitioner sought to withdraw the present petition. The learned counsel for the petitioner confirmed the intention to withdraw. The fact that the entire amount has been paid by the Corporate Debtor is the key reason for the withdrawal.
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Order delivered on…
The case involves M/s. Navyug Iron Traders as the petitioner and M/s. Air Movement and Control System Pvt. Ltd. as the respondent. The petitioner filed IA/507/2022 stating that the matter has been settled, and the entire amount has been paid by the Corporate Debtor.
M/s. Navyug Iron Traders initiated proceedings against M/s. Air Movement and Control System Pvt. Ltd. under Section 9 of the IBC. The petitioner, Navyug Iron Traders, filed an application (IA/507/2022) stating that the matter had been settled, and the entire amount due had been paid by the Corporate Debtor, Air Movement and Control System Pvt. Ltd. Consequently, the petitioner sought to withdraw the present petition. The learned counsel for the petitioner confirmed the intention to withdraw. The fact that the entire amount has been paid by the Corporate Debtor is the key reason for the withdrawal.
Order delivered on…