The case pertains to CP (IB) No. 34/CB/2023 before the National Company Law Tribunal (NCLT), Cuttack Bench. The hearing was conducted through VC and Physical (Hybrid) Mode. The matter involves IDBI Bank Ltd. as the petitioner and Progressive Exim Ltd. as the respondent. The case was listed for hearing on December 4, 2023.
The case involves IDBI Bank Ltd. as the petitioner and Progressive Exim Ltd. as the respondent in a matter before the NCLT Cuttack Bench. The hearing was held on December 4, 2023. Both parties informed the court that they had reached an amicable settlement outside of court. Consequently, the petitioner sought permission to withdraw the petition. The court granted this request, and the petition was dismissed. The underlying claim is related to Section 7 of the IBC. Sarita Moharan appeared for the petitioner/financial creditor, and Shaswat Kumar Rout appeared for the respondent/corporate debtor.
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Hearing held on…
Petitioner sought…
The case pertains to CP (IB) No. 34/CB/2023 before the National Company Law Tribunal (NCLT), Cuttack Bench. The hearing was conducted through VC and Physical (Hybrid) Mode. The matter involves IDBI Bank Ltd. as the petitioner and Progressive Exim Ltd. as the respondent. The case was listed for hearing on December 4, 2023.
The case involves IDBI Bank Ltd. as the petitioner and Progressive Exim Ltd. as the respondent in a matter before the NCLT Cuttack Bench. The hearing was held on December 4, 2023. Both parties informed the court that they had reached an amicable settlement outside of court. Consequently, the petitioner sought permission to withdraw the petition. The court granted this request, and the petition was dismissed. The underlying claim is related to Section 7 of the IBC. Sarita Moharan appeared for the petitioner/financial creditor, and Shaswat Kumar Rout appeared for the respondent/corporate debtor.
Hearing held on…
Petitioner sought…