The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by Udai Kant Mishra Prop. Surya Properties and Investments, the Operational Creditor, against Man Prakash Talkies Pvt. Ltd., the Corporate Debtor. The Operational Creditor sought initiation of the corporate insolvency resolution process against the Corporate Debtor. The matter was heard through video conferencing.
Udai Kant Mishra Prop. Surya Properties and Investments, the Operational Creditor, filed a petition against Man Prakash Talkies Pvt. Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. During the proceedings, the Operational Creditor, represented by Mr. Anuroop Singhi, Adv., informed the court that the agreed amount had been received from the Corporate Debtor, represented by Mr. Prateek Kedawat, Adv. Consequently, the Operational Creditor sought to withdraw the petition. The court granted permission for the withdrawal, leading to the dismissal of CP No. (IB)-294/9/JPR/2019.
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Operational Creditor…
Court dismissed CP No. (IB)-294/9/JPR/2019 as…
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The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by Udai Kant Mishra Prop. Surya Properties and Investments, the Operational Creditor, against Man Prakash Talkies Pvt. Ltd., the Corporate Debtor. The Operational Creditor sought initiation of the corporate insolvency resolution process against the Corporate Debtor. The matter was heard through video conferencing.
Udai Kant Mishra Prop. Surya Properties and Investments, the Operational Creditor, filed a petition against Man Prakash Talkies Pvt. Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. During the proceedings, the Operational Creditor, represented by Mr. Anuroop Singhi, Adv., informed the court that the agreed amount had been received from the Corporate Debtor, represented by Mr. Prateek Kedawat, Adv. Consequently, the Operational Creditor sought to withdraw the petition. The court granted permission for the withdrawal, leading to the dismissal of CP No. (IB)-294/9/JPR/2019.
Operational Creditor…
Court dismissed CP No. (IB)-294/9/JPR/2019 as…
Sign in to view related legal provisions.