The case involves M/s. RN Khemka Enterprises Pvt. Ltd. as the applicant/petitioner and M/s. Persuasive Realcon Pvt. Ltd. as the respondent. The application is filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter is before the National Company Law Tribunal (NCLT), New Delhi, Special Bench (Court – II).
M/s. RN Khemka Enterprises Pvt. Ltd. initiated insolvency proceedings against M/s. Persuasive Realcon Pvt. Ltd. under Section 7 of the IBC, 2016. The case was registered as IB-95/ND/2021. IA-4411/2023 was filed, and based on the averments made within it, the NCLT allowed the application and dismissed the main insolvency petition (IB-95/ND/2021) as withdrawn. As a result, the Corporate Debtor, M/s. Persuasive Realcon Pvt. Ltd., was released from the CIRP, and the IRP was relieved of their duties. IA-3694/2023 was also filed, but it became infructuous due to the order passed in IA-4411/2023.
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M/s. RN Khemka Enterprises Pvt. Ltd. filed an…
Order delivered by NCLT…
The case involves M/s. RN Khemka Enterprises Pvt. Ltd. as the applicant/petitioner and M/s. Persuasive Realcon Pvt. Ltd. as the respondent. The application is filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter is before the National Company Law Tribunal (NCLT), New Delhi, Special Bench (Court – II).
M/s. RN Khemka Enterprises Pvt. Ltd. initiated insolvency proceedings against M/s. Persuasive Realcon Pvt. Ltd. under Section 7 of the IBC, 2016. The case was registered as IB-95/ND/2021. IA-4411/2023 was filed, and based on the averments made within it, the NCLT allowed the application and dismissed the main insolvency petition (IB-95/ND/2021) as withdrawn. As a result, the Corporate Debtor, M/s. Persuasive Realcon Pvt. Ltd., was released from the CIRP, and the IRP was relieved of their duties. IA-3694/2023 was also filed, but it became infructuous due to the order passed in IA-4411/2023.
M/s. RN Khemka Enterprises Pvt. Ltd. filed an…
Order delivered by NCLT…