An application was filed by the Operational Creditor seeking withdrawal of the IB application under Section 9 of the Code. The Operational Creditor stated that the parties have amicably settled the matter and executed a Memorandum of Settlement dated 18.09.2021, which was placed on record.
My Kind Vacations Pvt. Ltd. filed an application against M/s I Yogi Technical Service Pvt. Ltd. under Section 9 of the IBC. The Operational Creditor sought to withdraw the application, stating that the parties had amicably settled the matter and executed a Memorandum of Settlement dated 18.09.2021. The Learned Counsel for the RP stated that no CIRP cost, including the IRP fees, was pending, and the IRP consented to the withdrawal. The CoC was not formed. The court considered the submissions and documents on record.
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Court allowed the…
An application was filed by the Operational Creditor seeking withdrawal of the IB application under Section 9 of the Code. The Operational Creditor stated that the parties have amicably settled the matter and executed a Memorandum of Settlement dated 18.09.2021, which was placed on record.
My Kind Vacations Pvt. Ltd. filed an application against M/s I Yogi Technical Service Pvt. Ltd. under Section 9 of the IBC. The Operational Creditor sought to withdraw the application, stating that the parties had amicably settled the matter and executed a Memorandum of Settlement dated 18.09.2021. The Learned Counsel for the RP stated that no CIRP cost, including the IRP fees, was pending, and the IRP consented to the withdrawal. The CoC was not formed. The court considered the submissions and documents on record.
Parties exec…
Court allowed the…