The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was listed before the Jaipur Bench of the National Company Law Tribunal (NCLT). The Operational Creditor, Mr. Sunil Kakani Prop. M/s R.K. Enterprises, initiated proceedings against the Corporate Debtor, M/s Morani Cars Pvt. Ltd.
Mr. Sunil Kakani Prop. M/s R.K. Enterprises, the Operational Creditor, filed a petition against M/s Morani Cars Pvt. Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. During the proceedings, the parties reached an amicable settlement. Consequently, an IA No. 480/JPR/2023 was filed seeking withdrawal of the petition. The NCLT considered the settlement agreement and granted permission for withdrawal, leading to the dismissal of the petition. The advocate for the Operational Creditor was Mr. Jatin Chawla, while the Corporate Debtor was not represented.
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Mr. Sunil Kakani Prop. M/s R.K. Enterprises…
The parties re…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was listed before the Jaipur Bench of the National Company Law Tribunal (NCLT). The Operational Creditor, Mr. Sunil Kakani Prop. M/s R.K. Enterprises, initiated proceedings against the Corporate Debtor, M/s Morani Cars Pvt. Ltd.
Mr. Sunil Kakani Prop. M/s R.K. Enterprises, the Operational Creditor, filed a petition against M/s Morani Cars Pvt. Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. During the proceedings, the parties reached an amicable settlement. Consequently, an IA No. 480/JPR/2023 was filed seeking withdrawal of the petition. The NCLT considered the settlement agreement and granted permission for withdrawal, leading to the dismissal of the petition. The advocate for the Operational Creditor was Mr. Jatin Chawla, while the Corporate Debtor was not represented.
Mr. Sunil Kakani Prop. M/s R.K. Enterprises…
The parties re…