The case involves an application, IA/3001/2024, filed in C.P. (IB)/4216(MB)2019 before the National Company Law Tribunal (NCLT), Mumbai Bench. The application pertains to a matter between ABC India LTD and Prabhakar Engineers Pvt Ltd, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The applicant sought withdrawal of the Corporate Insolvency Resolution Process (CIRP) application.
ABC India LTD initiated a Corporate Insolvency Resolution Process (CIRP) against Prabhakar Engineers Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. Subsequently, a settlement was reached between the parties on 2024-05-16. Following the settlement, FORM FA was received on 2024-05-24. Consequently, the applicant filed IA/3001/2024 seeking withdrawal of the CIRP application, CP (IB)/4216(MB)2019. The learned Counsel for the Applicant submitted the settlement to the court.
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A settlement was…
FORM FA dated 24.05.2024 was received,…
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The case involves an application, IA/3001/2024, filed in C.P. (IB)/4216(MB)2019 before the National Company Law Tribunal (NCLT), Mumbai Bench. The application pertains to a matter between ABC India LTD and Prabhakar Engineers Pvt Ltd, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The applicant sought withdrawal of the Corporate Insolvency Resolution Process (CIRP) application.
ABC India LTD initiated a Corporate Insolvency Resolution Process (CIRP) against Prabhakar Engineers Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. Subsequently, a settlement was reached between the parties on 2024-05-16. Following the settlement, FORM FA was received on 2024-05-24. Consequently, the applicant filed IA/3001/2024 seeking withdrawal of the CIRP application, CP (IB)/4216(MB)2019. The learned Counsel for the Applicant submitted the settlement to the court.
A settlement was…
FORM FA dated 24.05.2024 was received,…
Sign in to view related legal provisions.