The case involves a petition filed by Ajay Overseas Pvt. Ltd., the Operational Creditor, against Tarun Alloys Ltd. & Ors., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor sought to initiate corporate insolvency resolution process against the Corporate Debtor.
Ajay Overseas Pvt. Ltd. filed a petition against Tarun Alloys Ltd. & Ors. under Section 9 of the IBC, 2016. The case was presented before the NCLT Jaipur Bench. During the proceedings, the Operational Creditor, Ajay Overseas Pvt. Ltd., represented by Mr. Shivangshu Naval, submitted that the matter had been settled amicably with the Corporate Debtor, Tarun Alloys Ltd. & Ors., who was represented by Mr. Prateek Kedawat. Consequently, the Operational Creditor sought to withdraw the petition. The NCLT granted permission for the withdrawal, leading to the dismissal of the case.
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CP No. (IB)-325/9/JPR/20…
NCLT dismissed CP No. (IB)-325/9/JPR/2019 as…
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The case involves a petition filed by Ajay Overseas Pvt. Ltd., the Operational Creditor, against Tarun Alloys Ltd. & Ors., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor sought to initiate corporate insolvency resolution process against the Corporate Debtor.
Ajay Overseas Pvt. Ltd. filed a petition against Tarun Alloys Ltd. & Ors. under Section 9 of the IBC, 2016. The case was presented before the NCLT Jaipur Bench. During the proceedings, the Operational Creditor, Ajay Overseas Pvt. Ltd., represented by Mr. Shivangshu Naval, submitted that the matter had been settled amicably with the Corporate Debtor, Tarun Alloys Ltd. & Ors., who was represented by Mr. Prateek Kedawat. Consequently, the Operational Creditor sought to withdraw the petition. The NCLT granted permission for the withdrawal, leading to the dismissal of the case.
CP No. (IB)-325/9/JPR/20…
NCLT dismissed CP No. (IB)-325/9/JPR/2019 as…
Sign in to view related legal provisions.