The case involves an application (IA No. 52/JPR/2023) filed for the withdrawal of the main petition (CP No. (IB)- 82/9/JPR/2022) based on a settlement agreement dated 2023-01-07. The applicant sought to withdraw the petition with the liberty to file a fresh application if the respondent reneges on the settlement agreement.
P.R. Infracon Pvt. Ltd. is the Operational Creditor, and Chetak Enterprises Ltd. is the Corporate Debtor. IA No. 52/JPR/2023 was filed seeking withdrawal of the main petition, CP No. (IB)- 82/9/JPR/2022, based on a settlement agreement dated 2023-01-07. The applicant requested permission to file a fresh application if the respondent didn't adhere to the settlement. The Hon'ble NCLAT passed an order on 2023-01-17. The court dismissed the CP No. (IB)- 82/9/JPR/2022 as withdrawn and denied permission to file a fresh application.
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Settlement agreement was executed between P.R.…
Order passed…
The case involves an application (IA No. 52/JPR/2023) filed for the withdrawal of the main petition (CP No. (IB)- 82/9/JPR/2022) based on a settlement agreement dated 2023-01-07. The applicant sought to withdraw the petition with the liberty to file a fresh application if the respondent reneges on the settlement agreement.
P.R. Infracon Pvt. Ltd. is the Operational Creditor, and Chetak Enterprises Ltd. is the Corporate Debtor. IA No. 52/JPR/2023 was filed seeking withdrawal of the main petition, CP No. (IB)- 82/9/JPR/2022, based on a settlement agreement dated 2023-01-07. The applicant requested permission to file a fresh application if the respondent didn't adhere to the settlement. The Hon'ble NCLAT passed an order on 2023-01-17. The court dismissed the CP No. (IB)- 82/9/JPR/2022 as withdrawn and denied permission to file a fresh application.
Settlement agreement was executed between P.R.…
Order passed…