This case involves an application for the withdrawal of a Section 9 application filed under Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, bearing CP (IB) No. 578/ND/2021. The Operational Creditor and the Corporate Debtor have amicably resolved the matter and executed a Settlement Agreement.
Dalmia Polymers LLP, the applicant, filed an application under Section 9 of the IBC against Techno Auto Components (India) Pvt. Ltd., the respondent. The Operational Creditor and Corporate Debtor amicably resolved the matter and executed a Settlement Agreement dated 2022-05-05. The Operational Creditor then sought to withdraw the Section 9 application. The application for withdrawal is IA/5853/2022, and the main petition is IB-578/ND/2021.
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The parties amicably…
The court allowed IA/5853/2022 and…
This case involves an application for the withdrawal of a Section 9 application filed under Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, bearing CP (IB) No. 578/ND/2021. The Operational Creditor and the Corporate Debtor have amicably resolved the matter and executed a Settlement Agreement.
Dalmia Polymers LLP, the applicant, filed an application under Section 9 of the IBC against Techno Auto Components (India) Pvt. Ltd., the respondent. The Operational Creditor and Corporate Debtor amicably resolved the matter and executed a Settlement Agreement dated 2022-05-05. The Operational Creditor then sought to withdraw the Section 9 application. The application for withdrawal is IA/5853/2022, and the main petition is IB-578/ND/2021.
The parties amicably…
The court allowed IA/5853/2022 and…