The case involves a petition under Section 9 of the IBC 2016, filed by Momentus Digital Media Pvt. Ltd. against Korra Worldwide Advertising Pvt. Ltd. The petitioner sought to initiate corporate insolvency resolution process against the respondent.
Momentus Digital Media Pvt. Ltd. filed a petition against Korra Worldwide Advertising Pvt. Ltd. under Section 9 of the IBC, 2016. The petitioner's counsel stated that the parties had settled the matter amicably on 2023-03-18. Although a copy of the settlement was shown, it was not officially recorded. Based on the counsel's statement, the petitioner sought to withdraw the petition. The court then dismissed the petition as withdrawn.
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The court dismissed the petition (CP (IB) No.…
The case involves a petition under Section 9 of the IBC 2016, filed by Momentus Digital Media Pvt. Ltd. against Korra Worldwide Advertising Pvt. Ltd. The petitioner sought to initiate corporate insolvency resolution process against the respondent.
Momentus Digital Media Pvt. Ltd. filed a petition against Korra Worldwide Advertising Pvt. Ltd. under Section 9 of the IBC, 2016. The petitioner's counsel stated that the parties had settled the matter amicably on 2023-03-18. Although a copy of the settlement was shown, it was not officially recorded. Based on the counsel's statement, the petitioner sought to withdraw the petition. The court then dismissed the petition as withdrawn.
Parties repo…
The court dismissed the petition (CP (IB) No.…