The case involves a petition filed under Section 7 of the IBC. The financial creditor sought to withdraw the petition based on an out-of-court settlement.
The Small Industries Development Bank of India (SIDBI) filed a petition against MEGMA RFID & LABELS PVT LTD under Section 7 of the IBC. During the proceedings, the financial creditor, SIDBI, sought leave to withdraw the petition due to an out-of-court settlement. The court considered this submission and subsequently dismissed the petition as withdrawn.
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Hearing held o…
Financial creditor sought leave to withdraw…
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The case involves a petition filed under Section 7 of the IBC. The financial creditor sought to withdraw the petition based on an out-of-court settlement.
The Small Industries Development Bank of India (SIDBI) filed a petition against MEGMA RFID & LABELS PVT LTD under Section 7 of the IBC. During the proceedings, the financial creditor, SIDBI, sought leave to withdraw the petition due to an out-of-court settlement. The court considered this submission and subsequently dismissed the petition as withdrawn.
Hearing held o…
Financial creditor sought leave to withdraw…
Sign in to view related legal provisions.