The case involves Vidya Educare Pvt. Ltd. as the Financial Creditor/Applicant and Prayag Polytech Pvt. Ltd. as the Corporate Debtor/Respondent. The matter is being heard by the National Company Law Tribunal, Jaipur Bench, through video conferencing. The case was initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016.
Vidya Educare Pvt. Ltd. initiated a corporate insolvency resolution process against Prayag Polytech Pvt. Ltd. under Section 7 of the IBC, 2016. The case was registered as CP No. (IB)- 54/7/JPR/2019. During the proceedings, the petitioner, Vidya Educare Pvt. Ltd., sought to withdraw the petition. The court, after hearing the advocates for both parties, granted permission for the withdrawal. Consequently, the court dismissed the main petition and disposed of all pending Interlocutory Applications (IAs).
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Corporate Insolvency Resolution Process…
Interlocu…
The case involves Vidya Educare Pvt. Ltd. as the Financial Creditor/Applicant and Prayag Polytech Pvt. Ltd. as the Corporate Debtor/Respondent. The matter is being heard by the National Company Law Tribunal, Jaipur Bench, through video conferencing. The case was initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016.
Vidya Educare Pvt. Ltd. initiated a corporate insolvency resolution process against Prayag Polytech Pvt. Ltd. under Section 7 of the IBC, 2016. The case was registered as CP No. (IB)- 54/7/JPR/2019. During the proceedings, the petitioner, Vidya Educare Pvt. Ltd., sought to withdraw the petition. The court, after hearing the advocates for both parties, granted permission for the withdrawal. Consequently, the court dismissed the main petition and disposed of all pending Interlocutory Applications (IAs).
Corporate Insolvency Resolution Process…
Interlocu…