The case involves a petition filed under Section 9 of the IBC 2016. The counsel appearing for the petitioner sought to withdraw the company petition, stating that the amount involved does not meet the threshold limit.
The petitioner, represented by Mr. Asadali Mazgoanwala, filed a company petition. Mr. P.G. Sabnis appeared as counsel for the Corporate Debtor, GACTEL TURNKEY PROJECTS LIMITED. The petitioner's counsel submitted that they received instructions to withdraw the petition because the amount involved did not meet the threshold limit as required by law. Consequently, the court dismissed the C.P. 708 of 2021 as withdrawn. The case was heard by the Mumbai bench of the National Company Law Tribunal.
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Order sheet of the…
Petitioner's counsel submits to withdraw the…
The case involves a petition filed under Section 9 of the IBC 2016. The counsel appearing for the petitioner sought to withdraw the company petition, stating that the amount involved does not meet the threshold limit.
The petitioner, represented by Mr. Asadali Mazgoanwala, filed a company petition. Mr. P.G. Sabnis appeared as counsel for the Corporate Debtor, GACTEL TURNKEY PROJECTS LIMITED. The petitioner's counsel submitted that they received instructions to withdraw the petition because the amount involved did not meet the threshold limit as required by law. Consequently, the court dismissed the C.P. 708 of 2021 as withdrawn. The case was heard by the Mumbai bench of the National Company Law Tribunal.
Order sheet of the…
Petitioner's counsel submits to withdraw the…