The case pertains to an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The operational creditor and the corporate debtor have amicably settled the matter and executed a settlement deed dated 14.03.2022. The applicant has filed a pursis along with a copy of the settlement deed.
The case involves Kenil Ploymers as the applicant and Status Seramik India Pvt Ltd as the respondent. The matter was filed under Section 9 of the IBC. The parties reached an amicable settlement, executing a settlement deed dated 14.03.2022. The applicant sought to withdraw the application based on this settlement. The copy of the settlement deed was annexed with the pursis filed by the applicant. The court granted the prayer for withdrawal, disposing of the application.
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Parties amicably…
The court allowed the…
The case pertains to an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The operational creditor and the corporate debtor have amicably settled the matter and executed a settlement deed dated 14.03.2022. The applicant has filed a pursis along with a copy of the settlement deed.
The case involves Kenil Ploymers as the applicant and Status Seramik India Pvt Ltd as the respondent. The matter was filed under Section 9 of the IBC. The parties reached an amicable settlement, executing a settlement deed dated 14.03.2022. The applicant sought to withdraw the application based on this settlement. The copy of the settlement deed was annexed with the pursis filed by the applicant. The court granted the prayer for withdrawal, disposing of the application.
Parties amicably…
The court allowed the…