The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The applicant, Union Bank of India, and the respondent, Narayani Hotels & Resorts Ltd, have amicably settled the matter. A withdrawal pursis has been filed seeking the withdrawal of CP (IB) 53 of 2021. The corporate debtor has also filed a pursis annexing all settlement documents and copies of Demand Drafts, indicating payment.
Union Bank of India filed an application under Section 7 of the IBC against Narayani Hotels & Resorts Ltd. During the proceedings, the parties reached an amicable settlement. Consequently, both the applicant and the corporate debtor filed pursis seeking withdrawal of the CP (IB) 53 of 2021. The corporate debtor's pursis included settlement documents and copies of Demand Drafts, confirming that payment had been made. The court considered the settlement and the application for withdrawal.
Sign in to view the parties.
CP (IB) 53 of…
Order delivered…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The applicant, Union Bank of India, and the respondent, Narayani Hotels & Resorts Ltd, have amicably settled the matter. A withdrawal pursis has been filed seeking the withdrawal of CP (IB) 53 of 2021. The corporate debtor has also filed a pursis annexing all settlement documents and copies of Demand Drafts, indicating payment.
Union Bank of India filed an application under Section 7 of the IBC against Narayani Hotels & Resorts Ltd. During the proceedings, the parties reached an amicable settlement. Consequently, both the applicant and the corporate debtor filed pursis seeking withdrawal of the CP (IB) 53 of 2021. The corporate debtor's pursis included settlement documents and copies of Demand Drafts, confirming that payment had been made. The court considered the settlement and the application for withdrawal.
CP (IB) 53 of…
Order delivered…