The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Operational Creditors filed a petition, which they subsequently sought to withdraw. The application for withdrawal was filed under Rule 11 of the NCLT Rules, 2016, supported by affidavits.
Mr. Utpal Kant and Anr. filed a petition against M/s. Supertech Ltd. under Section 9 of the IBC. The Operational Creditors then filed an application (IA/818/2022) under Rule 11 of the NCLT Rules, 2016, to withdraw the petition, stating that the dispute with the Corporate Debtor had been resolved amicably. The Counsel for the Corporate Debtor was present during the proceedings. The application for withdrawal was supported by affidavits.
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Order delive…
Application (IA/818/2022) filed under Rule 11…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Operational Creditors filed a petition, which they subsequently sought to withdraw. The application for withdrawal was filed under Rule 11 of the NCLT Rules, 2016, supported by affidavits.
Mr. Utpal Kant and Anr. filed a petition against M/s. Supertech Ltd. under Section 9 of the IBC. The Operational Creditors then filed an application (IA/818/2022) under Rule 11 of the NCLT Rules, 2016, to withdraw the petition, stating that the dispute with the Corporate Debtor had been resolved amicably. The Counsel for the Corporate Debtor was present during the proceedings. The application for withdrawal was supported by affidavits.
Order delive…
Application (IA/818/2022) filed under Rule 11…