The case pertains to Company Petition IB/17/2021, filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner, White Stock Ltd, filed a memo stating that pursuant to a settlement agreement dated 24.04.2023, they are not pursuing the Company Petition.
White Stock Ltd, the Financial Creditor, initiated a Company Petition (IB/17/2021) under Section 7 of the IBC, 2016, against Prajay Holdings Pvt Ltd, the Corporate Debtor. Subsequently, White Stock Ltd filed a memo stating that pursuant to a settlement agreement dated 2023-04-24, they would not pursue the Company Petition. The relevance of this fact is that the settlement agreement led to the dismissal of the petition.
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Company Pet…
Settlement agreement…
The case pertains to Company Petition IB/17/2021, filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner, White Stock Ltd, filed a memo stating that pursuant to a settlement agreement dated 24.04.2023, they are not pursuing the Company Petition.
White Stock Ltd, the Financial Creditor, initiated a Company Petition (IB/17/2021) under Section 7 of the IBC, 2016, against Prajay Holdings Pvt Ltd, the Corporate Debtor. Subsequently, White Stock Ltd filed a memo stating that pursuant to a settlement agreement dated 2023-04-24, they would not pursue the Company Petition. The relevance of this fact is that the settlement agreement led to the dismissal of the petition.
Company Pet…
Settlement agreement…