The case involves CP.IB/65/CHE/2021 before the National Company Law Tribunal (NCLT), Chennai. The petitioner, Grasim Industries Ltd, initiated proceedings under Section 9 Rule 6 of IBC, 2016. The respondent is W S Industries India Ltd. The matter was heard through video conferencing.
Grasim Industries Ltd initiated a corporate insolvency resolution process against W S Industries India Ltd under Section 9 Rule 6 of IBC, 2016. The case was registered as CP.IB/65/CHE/2021 before the NCLT Chennai. During the proceedings, both the petitioner and the respondent informed the court that they had reached a settlement out of court, and the respondent had made all the necessary payments to the petitioner. Consequently, the petitioner sought to withdraw the petition.
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The case involves CP.IB/65/CHE/2021 before the National Company Law Tribunal (NCLT), Chennai. The petitioner, Grasim Industries Ltd, initiated proceedings under Section 9 Rule 6 of IBC, 2016. The respondent is W S Industries India Ltd. The matter was heard through video conferencing.
Grasim Industries Ltd initiated a corporate insolvency resolution process against W S Industries India Ltd under Section 9 Rule 6 of IBC, 2016. The case was registered as CP.IB/65/CHE/2021 before the NCLT Chennai. During the proceedings, both the petitioner and the respondent informed the court that they had reached a settlement out of court, and the respondent had made all the necessary payments to the petitioner. Consequently, the petitioner sought to withdraw the petition.
Hearing of CP.IB/65/CHE/…
Sign in to view related legal provisions.