The case involves Indiabulls Housing Finance Ltd. as the applicant/petitioner and Parsvnath Developers Ltd. as the respondent. The application was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner sought permission to withdraw the application.
Indiabulls Housing Finance Ltd. filed an application under Section 7 of the IBC, 2016, against Parsvnath Developers Ltd. Ms. Vishrupi Sahni, representing the petitioner, requested permission to withdraw the application. The court granted the permission, leading to the dismissal of the petition. The key fact is the petitioner's voluntary withdrawal, which resulted in the dismissal of the case. The relevance of this fact is that it indicates the petitioner no longer wished to pursue the insolvency proceedings against the respondent.
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The order was delivered on April 11, 2022,…
The case involves Indiabulls Housing Finance Ltd. as the applicant/petitioner and Parsvnath Developers Ltd. as the respondent. The application was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner sought permission to withdraw the application.
Indiabulls Housing Finance Ltd. filed an application under Section 7 of the IBC, 2016, against Parsvnath Developers Ltd. Ms. Vishrupi Sahni, representing the petitioner, requested permission to withdraw the application. The court granted the permission, leading to the dismissal of the petition. The key fact is the petitioner's voluntary withdrawal, which resulted in the dismissal of the case. The relevance of this fact is that it indicates the petitioner no longer wished to pursue the insolvency proceedings against the respondent.
The order was delivered on April 11, 2022,…