The case involves Religare Finvest Ltd. as the petitioner/applicant and Hard Rock Inn Pvt. Ltd. as the respondent. The matter pertains to an order under Section 7 of the Insolvency & Bankruptcy Code. The petitioner's counsel stated that a settlement has been reached, leading to the withdrawal of the petition.
Religare Finvest Ltd. filed a petition against Hard Rock Inn Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code. A settlement was reached between the parties, leading the petitioner to withdraw the petition. The court, upon being informed of the settlement by the petitioner's counsel, dismissed the case as withdrawn. IA-3132/2022, which was pending, was also disposed of. The order specifies that if the settlement is breached, either party can take legal action.
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Order delivered on…
The case involves Religare Finvest Ltd. as the petitioner/applicant and Hard Rock Inn Pvt. Ltd. as the respondent. The matter pertains to an order under Section 7 of the Insolvency & Bankruptcy Code. The petitioner's counsel stated that a settlement has been reached, leading to the withdrawal of the petition.
Religare Finvest Ltd. filed a petition against Hard Rock Inn Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code. A settlement was reached between the parties, leading the petitioner to withdraw the petition. The court, upon being informed of the settlement by the petitioner's counsel, dismissed the case as withdrawn. IA-3132/2022, which was pending, was also disposed of. The order specifies that if the settlement is breached, either party can take legal action.
Order delivered on…