The case pertains to an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking withdrawal of the application. The stated debt has been settled in full by Demand Draft by the respondent. The Committee of Creditors (CoC) has not yet been constituted by the Interim Resolution Professional (IRP), and settlement has taken place between the parties.
Valiant Organics Limited filed an application under Section 9 of the IBC against Nilkanth Organics Private Limited. The applicant subsequently filed IA/1352(AHM)2024 under Section 12A of the IBC, seeking withdrawal of the application because the debt had been settled in full by Demand Draft by the respondent, Nilkanth Organics Private Limited. The CoC had not yet been constituted, and a settlement had been reached between the parties. The court heard the applicant and respondent and allowed the application for withdrawal.
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Valiant Organics Limited filed an application…
The applicant filed IA/1352(AHM)2024 under…
The case pertains to an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking withdrawal of the application. The stated debt has been settled in full by Demand Draft by the respondent. The Committee of Creditors (CoC) has not yet been constituted by the Interim Resolution Professional (IRP), and settlement has taken place between the parties.
Valiant Organics Limited filed an application under Section 9 of the IBC against Nilkanth Organics Private Limited. The applicant subsequently filed IA/1352(AHM)2024 under Section 12A of the IBC, seeking withdrawal of the application because the debt had been settled in full by Demand Draft by the respondent, Nilkanth Organics Private Limited. The CoC had not yet been constituted, and a settlement had been reached between the parties. The court heard the applicant and respondent and allowed the application for withdrawal.
Valiant Organics Limited filed an application…
The applicant filed IA/1352(AHM)2024 under…