The case involves an application IA(I.B.C)/5291(MB)2023 in C.P. (IB)/817(MB)2022 before the National Company Law Tribunal, Mumbai Bench Court VI. The applicant's counsel tendered a withdrawal memo.
The Operational Creditor (OC) filed a Corporate Petition (C.P.). The OC's counsel then tendered a withdrawal memo. The court considered this memo. The consent terms were a factor in allowing the withdrawal, with the OC having the option to revive the C.P. if those terms failed. The Interlocutory Application (IA) 5291/2023 was related to the C.P. and became infructuous upon the C.P.'s withdrawal. Section 9 of IBC is mentioned, indicating the initial application was likely filed under this section.
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Order sheet of hearing (Hybrid) dated…
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The case involves an application IA(I.B.C)/5291(MB)2023 in C.P. (IB)/817(MB)2022 before the National Company Law Tribunal, Mumbai Bench Court VI. The applicant's counsel tendered a withdrawal memo.
The Operational Creditor (OC) filed a Corporate Petition (C.P.). The OC's counsel then tendered a withdrawal memo. The court considered this memo. The consent terms were a factor in allowing the withdrawal, with the OC having the option to revive the C.P. if those terms failed. The Interlocutory Application (IA) 5291/2023 was related to the C.P. and became infructuous upon the C.P.'s withdrawal. Section 9 of IBC is mentioned, indicating the initial application was likely filed under this section.
Order sheet of hearing (Hybrid) dated…
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