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 before the NCLT, the applicant's counsel, Mr. Rishi Sehgal, along with the authorized representative, Mr. Rishi Dubey, stated that the applicant wished to withdraw the matter because a settlement had been reached with the respondent, Ireo Pvt Ltd. A Board Resolution was placed on record showing Mr. Rishi Dubay as Assistant Commercial Manager and Authorised Representative. Based on this statement, the NCLT dismissed the application as withdrawn.
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The order was delivered…
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 before the NCLT, the applicant's counsel, Mr. Rishi Sehgal, along with the authorized representative, Mr. Rishi Dubey, stated that the applicant wished to withdraw the matter because a settlement had been reached with the respondent, Ireo Pvt Ltd. A Board Resolution was placed on record showing Mr. Rishi Dubay as Assistant Commercial Manager and Authorised Representative. Based on this statement, the NCLT dismissed the application as withdrawn.
The order was delivered…