The case involves a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The counsels for both the operational creditor (Star Vision) and the corporate debtor (TLG India Private Limited) were present. The matter was amicably settled between the parties, leading to a request for withdrawal of the petition.
Star Vision filed a petition against TLG India Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the counsels representing both parties informed the court that the matter had been amicably settled between them. Consequently, the petitioner requested the court to allow the withdrawal of the petition. The court noted the amicable settlement and the petitioner's request.
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Order sheet…
The case involves a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The counsels for both the operational creditor (Star Vision) and the corporate debtor (TLG India Private Limited) were present. The matter was amicably settled between the parties, leading to a request for withdrawal of the petition.
Star Vision filed a petition against TLG India Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the counsels representing both parties informed the court that the matter had been amicably settled between them. Consequently, the petitioner requested the court to allow the withdrawal of the petition. The court noted the amicable settlement and the petitioner's request.
Order sheet…