The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The applicant and respondent have amicably settled the matter, leading to the filing of a withdrawal pursis seeking the withdrawal of CP (IB) 53 of 2021. The corporate debtor has also filed a pursis annexing settlement documents and copies of Demand Drafts, indicating that payment has been made.
Union Bank of India filed an application against Narayani Hotels & Resorts Ltd. under Section 7 of the IBC. The parties involved reached an amicable settlement. Consequently, a withdrawal pursis was filed to withdraw CP (IB) 53 of 2021. The corporate debtor, Narayani Hotels & Resorts Ltd, also filed a pursis attaching documents related to the settlement and copies of Demand Drafts, confirming that payment had been made. The court considered the settlement and the application for withdrawal.
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Union Bank of India filed an application under…
The parties i…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The applicant and respondent have amicably settled the matter, leading to the filing of a withdrawal pursis seeking the withdrawal of CP (IB) 53 of 2021. The corporate debtor has also filed a pursis annexing settlement documents and copies of Demand Drafts, indicating that payment has been made.
Union Bank of India filed an application against Narayani Hotels & Resorts Ltd. under Section 7 of the IBC. The parties involved reached an amicable settlement. Consequently, a withdrawal pursis was filed to withdraw CP (IB) 53 of 2021. The corporate debtor, Narayani Hotels & Resorts Ltd, also filed a pursis attaching documents related to the settlement and copies of Demand Drafts, confirming that payment had been made. The court considered the settlement and the application for withdrawal.
Union Bank of India filed an application under…
The parties i…