M/s Subudhi Techno Engineers Pvt. Ltd., the Operational Creditor, filed CP No. (IB)-220/9/JPR/2020 against PNT Designs (Pvt.) Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. During the proceedings, the Operational Creditor, represented by Mr. Digant Deo, Adv., sought to withdraw the petition. Mr. Ankit Totuka, Adv. represented the Corporate Debtor. The Operational Creditor requested permission to withdraw the petition with the liberty to seek appropriate remedy before the competent court of law. The court granted permission, and the petition was dismissed as withdrawn. This suggests the Operational Creditor may have identified an alternative legal strategy or forum to pursue their claim against the Corporate Debtor.

M/s Subudhi Techno Engineers Pvt. Ltd., the Operational Creditor, filed CP No. (IB)-220/9/JPR/2020 against PNT Designs (Pvt.) Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. During the proceedings, the Operational Creditor, represented by Mr. Digant Deo, Adv., sought to withdraw the petition. Mr. Ankit Totuka, Adv. represented the Corporate Debtor. The Operational Creditor requested permission to withdraw the petition with the liberty to seek appropriate remedy before the competent court of law. The court granted permission, and the petition was dismissed as withdrawn. This suggests the Operational Creditor may have identified an alternative legal strategy or forum to pursue their claim against the Corporate Debtor.