The case involves M/S Prompt Enterprises Private Limited as the applicant/petitioner and M/S Auto Vision India Private Limited as the respondent. The matter was brought under Section 9 of the IBC, 2016. The counsels for both the operational creditor and the respondent submitted that the matter has been settled, and the amount has already been paid to the operational creditor. The operational creditor's counsel confirmed the receipt of the amount.
M/S Prompt Enterprises Private Limited initiated proceedings against M/S Auto Vision India Private Limited under Section 9 of the IBC, 2016. During the proceedings, both parties reached a settlement, with the respondent paying the amount due to the operational creditor. The operational creditor confirmed the receipt of the payment. Consequently, the petitioner sought to withdraw the main application, and the respondent requested the settlement agreement to be recorded. The key fact is the settlement between the parties, leading to the petitioner's request for withdrawal.
Sign in to view the parties.
Order delivered on…
The case involves M/S Prompt Enterprises Private Limited as the applicant/petitioner and M/S Auto Vision India Private Limited as the respondent. The matter was brought under Section 9 of the IBC, 2016. The counsels for both the operational creditor and the respondent submitted that the matter has been settled, and the amount has already been paid to the operational creditor. The operational creditor's counsel confirmed the receipt of the amount.
M/S Prompt Enterprises Private Limited initiated proceedings against M/S Auto Vision India Private Limited under Section 9 of the IBC, 2016. During the proceedings, both parties reached a settlement, with the respondent paying the amount due to the operational creditor. The operational creditor confirmed the receipt of the payment. Consequently, the petitioner sought to withdraw the main application, and the respondent requested the settlement agreement to be recorded. The key fact is the settlement between the parties, leading to the petitioner's request for withdrawal.
Order delivered on…