The case involves a Company Petition No. (IB)-332(ND)2020 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant sought withdrawal of the petition based on a settlement reached between the parties. The matter was heard by the National Company Law Tribunal (NCLT), New Delhi Bench.
M/s. LIC Housing Finance Limited filed a Company Petition No. (IB)-332(ND)2020 against M/s. IREO Waterfront Private Limited under Section 7 of the IBC, 2016. Subsequently, a settlement was reached between the parties. The applicant, LIC Housing Finance Limited, then filed IA-278/2022 seeking withdrawal of the petition based on this settlement. The NCLT heard the applicant's counsel and reviewed the application before permitting the withdrawal.
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M/s. LIC Housing Finance Limited filed Company…
A settlement was reached between LIC Housing…
The case involves a Company Petition No. (IB)-332(ND)2020 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant sought withdrawal of the petition based on a settlement reached between the parties. The matter was heard by the National Company Law Tribunal (NCLT), New Delhi Bench.
M/s. LIC Housing Finance Limited filed a Company Petition No. (IB)-332(ND)2020 against M/s. IREO Waterfront Private Limited under Section 7 of the IBC, 2016. Subsequently, a settlement was reached between the parties. The applicant, LIC Housing Finance Limited, then filed IA-278/2022 seeking withdrawal of the petition based on this settlement. The NCLT heard the applicant's counsel and reviewed the application before permitting the withdrawal.
M/s. LIC Housing Finance Limited filed Company…
A settlement was reached between LIC Housing…