The case involves a Company Petition filed under Section 7 of the IBC 2016. The petitioner sought to withdraw the petition.
A Company Petition was filed, presumably under Section 7 of the IBC 2016. The Counsel for the Petitioner requested permission to withdraw the petition. This request was made after the MCA notification dated 24.03.2020, which raised the threshold limit from 1 lac to 1 crore. The original petition was filed for an amount of Rs. 62,22,219/-. The court granted permission to withdraw the petition.
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The case involves a Company Petition filed under Section 7 of the IBC 2016. The petitioner sought to withdraw the petition.
A Company Petition was filed, presumably under Section 7 of the IBC 2016. The Counsel for the Petitioner requested permission to withdraw the petition. This request was made after the MCA notification dated 24.03.2020, which raised the threshold limit from 1 lac to 1 crore. The original petition was filed for an amount of Rs. 62,22,219/-. The court granted permission to withdraw the petition.
MCA notification raised…
Hearing of the Mumbai…
Sign in to view related legal provisions.