The case pertains to a company petition filed by an Operational Creditor, M/s. ABL Infrastructure Pvt Ltd, against the Corporate Debtor, M/s. Universal Realtors Pvt Ltd, under Section 9 of the IBC, 2016. The Operational Creditor sought to withdraw the petition based on a settlement memo.
M/s. ABL Infrastructure Pvt Ltd, the Operational Creditor, filed a company petition against M/s. Universal Realtors Pvt Ltd, the Corporate Debtor, under Section 9 of the IBC, 2016. The Operational Creditor's counsel stated that they had filed a withdrawal memo. The memo did not explicitly state the intention to withdraw the petition, but the intention of the parties was to withdraw in view of the settlement memo. The memo was Dairy No 2024 dated 28.02.2024.
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The case pertains to a company petition filed by an Operational Creditor, M/s. ABL Infrastructure Pvt Ltd, against the Corporate Debtor, M/s. Universal Realtors Pvt Ltd, under Section 9 of the IBC, 2016. The Operational Creditor sought to withdraw the petition based on a settlement memo.
M/s. ABL Infrastructure Pvt Ltd, the Operational Creditor, filed a company petition against M/s. Universal Realtors Pvt Ltd, the Corporate Debtor, under Section 9 of the IBC, 2016. The Operational Creditor's counsel stated that they had filed a withdrawal memo. The memo did not explicitly state the intention to withdraw the petition, but the intention of the parties was to withdraw in view of the settlement memo. The memo was Dairy No 2024 dated 28.02.2024.
Hearing he…
Date of the m…