The case involves Rochen Separtion System (India) Pvt Ltd as the applicant and Essar Oil & Gas Exploration & Production Ltd as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), Ahmedabad under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Rochen Separtion System (India) Pvt Ltd initiated proceedings against Essar Oil & Gas Exploration & Production Ltd under Section 9 of the IBC. Both parties submitted that the matter has been settled. The operational creditor, Rochen Separtion System (India) Pvt Ltd, requested the withdrawal of the main petition. The NCLT Ahmedabad considered the settlement and the request for withdrawal.
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The order was…
The case involves Rochen Separtion System (India) Pvt Ltd as the applicant and Essar Oil & Gas Exploration & Production Ltd as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), Ahmedabad under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Rochen Separtion System (India) Pvt Ltd initiated proceedings against Essar Oil & Gas Exploration & Production Ltd under Section 9 of the IBC. Both parties submitted that the matter has been settled. The operational creditor, Rochen Separtion System (India) Pvt Ltd, requested the withdrawal of the main petition. The NCLT Ahmedabad considered the settlement and the request for withdrawal.
The order was…