The case involves an application (IA/3284/ND/2022) in the matter of L&T Finance Limited versus Proview Infrastructure Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant sought to withdraw the application. Additionally, the main petition (IB-84/ND/2022) was also sought to be withdrawn due to CIRP proceedings initiated by the tribunal in another case (IB-199/2022) titled Sawaria Seth Infratech Private Limited Versus Proview Infrastructure Private Limited.
L&T Finance Limited filed an application against Proview Infrastructure Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant, represented by Mr. Chaturvedi, sought to withdraw the application (IA No. 3284/ND/2022). Simultaneously, the applicant, represented by Ms. Nishtha Chaturvedi, also sought to withdraw the main petition (IB-84/ND/2022). This withdrawal was motivated by the initiation of CIRP proceedings by the tribunal in case IB-199/2022, titled Sawaria Seth Infratech Private Limited Versus Proview Infrastructure Private Limited. The court considered the statements made by the learned counsel for the applicant.
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Order delivere…
The case involves an application (IA/3284/ND/2022) in the matter of L&T Finance Limited versus Proview Infrastructure Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant sought to withdraw the application. Additionally, the main petition (IB-84/ND/2022) was also sought to be withdrawn due to CIRP proceedings initiated by the tribunal in another case (IB-199/2022) titled Sawaria Seth Infratech Private Limited Versus Proview Infrastructure Private Limited.
L&T Finance Limited filed an application against Proview Infrastructure Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant, represented by Mr. Chaturvedi, sought to withdraw the application (IA No. 3284/ND/2022). Simultaneously, the applicant, represented by Ms. Nishtha Chaturvedi, also sought to withdraw the main petition (IB-84/ND/2022). This withdrawal was motivated by the initiation of CIRP proceedings by the tribunal in case IB-199/2022, titled Sawaria Seth Infratech Private Limited Versus Proview Infrastructure Private Limited. The court considered the statements made by the learned counsel for the applicant.
Order delivere…