This case involves an application for the withdrawal of a Section 9 application under the Insolvency and Bankruptcy Code (IBC), 2016. The Operational Creditor filed the Section 9 application, bearing IB No. 98(ND)/2021. The counsel for the Operational Creditor submitted that all dues have been received and requested leave for withdrawal.
M/s. Laxmi Steel Corporation filed a petition under Section 9 of the IBC, 2016 against M/s. Supertech Ltd. The Operational Creditor, M/s. Laxmi Steel Corporation, sought to withdraw the application after an agreement was reached on 14.08.2021, and all dues were received. The counsel for the Operational Creditor submitted that all dues had been received and requested leave to withdraw the Section 9 application. The court took the agreement on record and permitted the withdrawal.
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This case involves an application for the withdrawal of a Section 9 application under the Insolvency and Bankruptcy Code (IBC), 2016. The Operational Creditor filed the Section 9 application, bearing IB No. 98(ND)/2021. The counsel for the Operational Creditor submitted that all dues have been received and requested leave for withdrawal.
M/s. Laxmi Steel Corporation filed a petition under Section 9 of the IBC, 2016 against M/s. Supertech Ltd. The Operational Creditor, M/s. Laxmi Steel Corporation, sought to withdraw the application after an agreement was reached on 14.08.2021, and all dues were received. The counsel for the Operational Creditor submitted that all dues had been received and requested leave to withdraw the Section 9 application. The court took the agreement on record and permitted the withdrawal.
Agreement r…
Order delivere…
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