The case involves Shreeyam Power and Steel Industries Limited, the Operational Creditor, filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 against Varaha Infra Limited, the Corporate Debtor. The matter was heard by the National Company Law Tribunal (NCLT), Jaipur Bench, through video conferencing.
Shreeyam Power and Steel Industries Limited, the Operational Creditor, initiated proceedings against Varaha Infra Limited, the Corporate Debtor, under Section 9 of the IBC, 2016. During the proceedings before the NCLT Jaipur Bench, the parties reached a settlement. Consequently, the counsel for the Operational Creditor requested the court's permission to withdraw the application. The court granted the permission, leading to the dismissal of the application.
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CP No. (IB)- 25/9/JPR/20…
The NCLT granted permission to withdraw the…
The case involves Shreeyam Power and Steel Industries Limited, the Operational Creditor, filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 against Varaha Infra Limited, the Corporate Debtor. The matter was heard by the National Company Law Tribunal (NCLT), Jaipur Bench, through video conferencing.
Shreeyam Power and Steel Industries Limited, the Operational Creditor, initiated proceedings against Varaha Infra Limited, the Corporate Debtor, under Section 9 of the IBC, 2016. During the proceedings before the NCLT Jaipur Bench, the parties reached a settlement. Consequently, the counsel for the Operational Creditor requested the court's permission to withdraw the application. The court granted the permission, leading to the dismissal of the application.
CP No. (IB)- 25/9/JPR/20…
The NCLT granted permission to withdraw the…