The case involves Fairair Engineers Pvt Ltd. as the applicant and Ireo Pvt Ltd. as the respondent. The application was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant sought to initiate corporate insolvency resolution process against the respondent.
Fairair Engineers Pvt Ltd. filed an application against Ireo Pvt Ltd. under Section 9 of the IBC, 2016. During the proceedings, the Authorized Representative of the applicant, Mr. Rishi Dubey, along with the Ld. Counsel, stated that a settlement had been reached between the parties and they wished to withdraw the matter. A Board Resolution was placed on record. The court considered this statement as the basis for its decision.
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The order was delivered dismissing the…
The case involves Fairair Engineers Pvt Ltd. as the applicant and Ireo Pvt Ltd. as the respondent. The application was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant sought to initiate corporate insolvency resolution process against the respondent.
Fairair Engineers Pvt Ltd. filed an application against Ireo Pvt Ltd. under Section 9 of the IBC, 2016. During the proceedings, the Authorized Representative of the applicant, Mr. Rishi Dubey, along with the Ld. Counsel, stated that a settlement had been reached between the parties and they wished to withdraw the matter. A Board Resolution was placed on record. The court considered this statement as the basis for its decision.
The order was delivered dismissing the…