The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) 2016 filed by State Bank of India against Bajaj Hindusthan Sugar Ltd. The Financial Creditor, State Bank of India, has stated that the outstanding amount has been paid by the Corporate Debtor. Consequently, the Financial Creditor seeks to withdraw the application.
State Bank of India filed an application under Section 7 of the IBC against Bajaj Hindusthan Sugar Ltd. The Corporate Debtor, Bajaj Hindusthan Sugar Ltd., deposited the overdue amount towards the Term Loan and OCD coupons. State Bank of India, the Applicant, decided not to pursue the application under Section 7 of IBC 2016. The Financial Creditor filed IA No.517/2023 seeking withdrawal of the application. The Senior Counsel representing the Corporate Debtor did not object to the withdrawal. The Financial Creditor stated that the outstanding amount as fallen due has been paid by the Corporate Debtor.
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The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) 2016 filed by State Bank of India against Bajaj Hindusthan Sugar Ltd. The Financial Creditor, State Bank of India, has stated that the outstanding amount has been paid by the Corporate Debtor. Consequently, the Financial Creditor seeks to withdraw the application.
State Bank of India filed an application under Section 7 of the IBC against Bajaj Hindusthan Sugar Ltd. The Corporate Debtor, Bajaj Hindusthan Sugar Ltd., deposited the overdue amount towards the Term Loan and OCD coupons. State Bank of India, the Applicant, decided not to pursue the application under Section 7 of IBC 2016. The Financial Creditor filed IA No.517/2023 seeking withdrawal of the application. The Senior Counsel representing the Corporate Debtor did not object to the withdrawal. The Financial Creditor stated that the outstanding amount as fallen due has been paid by the Corporate Debtor.
Reference to a…
Date of the order where the application for…