The case involves a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Operational Creditor's claim of Rs. 13,60,073/- has been fully paid. The Committee of Creditors (CoC) has not been constituted.
Indiabulls Distribution Services Limited filed a petition against Tanish Nirmiti LLP under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming Rs. 13,60,073/-. The matter was settled between the parties, and the entire claim of the Operational Creditor was paid. The Committee of Creditors (CoC) had not been constituted. The IRP's counsel requested permission to withdraw the petition. The court noted that no steps had been taken to constitute the CoC and allowed the withdrawal.
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The National Company Law Tribunal, Mumbai…
The case involves a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Operational Creditor's claim of Rs. 13,60,073/- has been fully paid. The Committee of Creditors (CoC) has not been constituted.
Indiabulls Distribution Services Limited filed a petition against Tanish Nirmiti LLP under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming Rs. 13,60,073/-. The matter was settled between the parties, and the entire claim of the Operational Creditor was paid. The Committee of Creditors (CoC) had not been constituted. The IRP's counsel requested permission to withdraw the petition. The court noted that no steps had been taken to constitute the CoC and allowed the withdrawal.
The National Company Law Tribunal, Mumbai…