The document pertains to an application for withdrawal of a Company Petition (CP) bearing CP (IB) No. 3101 of 2019. The matter was settled amicably between the parties outside of court. The applicant, a financial creditor, submitted consent terms, duly signed by both the financial creditor and the corporate debtor, as part of the application for withdrawal.
The key facts are as follows: A Company Petition (CP) bearing CP (IB) No. 3101 of 2019 was filed. The matter was settled amicably between the parties outside of court. The Applicant, a Financial Creditor, filed IA 1236/2022 for withdrawal of the CP. Consent terms, duly signed by the Financial Creditor and the Corporate Debtor, were attached to the application. The application is based on Section 7 of the IBC, 2016. The court allowed the withdrawal of the CP.
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Company Petition (CP)…
Hearing on the…
The document pertains to an application for withdrawal of a Company Petition (CP) bearing CP (IB) No. 3101 of 2019. The matter was settled amicably between the parties outside of court. The applicant, a financial creditor, submitted consent terms, duly signed by both the financial creditor and the corporate debtor, as part of the application for withdrawal.
The key facts are as follows: A Company Petition (CP) bearing CP (IB) No. 3101 of 2019 was filed. The matter was settled amicably between the parties outside of court. The Applicant, a Financial Creditor, filed IA 1236/2022 for withdrawal of the CP. Consent terms, duly signed by the Financial Creditor and the Corporate Debtor, were attached to the application. The application is based on Section 7 of the IBC, 2016. The court allowed the withdrawal of the CP.
Company Petition (CP)…
Hearing on the…