The case involves an application (IA 423 of 2022) filed for permission to withdraw a Company Petition (CP (IB) 803 of 2020) filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, against the non-applicant (Corporate Debtor). The applicant sought withdrawal based on consent terms entered into between the parties and requested liberty to revive the petition if the Corporate Debtor breaches the consent terms.
Super Highway Labs Pvt. Ltd. filed a Company Petition (CP (IB) 803 of 2020) under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Wadhwa Constructions Infrastructure Pvt. Ltd. Subsequently, Super Highway Labs Pvt. Ltd. filed an application (IA 423 of 2022) seeking permission to withdraw the Company Petition based on consent terms agreed upon between the parties. The applicant requested that they be allowed to revive the petition if Wadhwa Constructions Infrastructure Pvt. Ltd. defaults on the consent terms. The court reviewed the consent terms, which were signed by authorized signatories of both parties.
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Company Petition CP (IB) 803 of 2020 filed under…
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The case involves an application (IA 423 of 2022) filed for permission to withdraw a Company Petition (CP (IB) 803 of 2020) filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, against the non-applicant (Corporate Debtor). The applicant sought withdrawal based on consent terms entered into between the parties and requested liberty to revive the petition if the Corporate Debtor breaches the consent terms.
Super Highway Labs Pvt. Ltd. filed a Company Petition (CP (IB) 803 of 2020) under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Wadhwa Constructions Infrastructure Pvt. Ltd. Subsequently, Super Highway Labs Pvt. Ltd. filed an application (IA 423 of 2022) seeking permission to withdraw the Company Petition based on consent terms agreed upon between the parties. The applicant requested that they be allowed to revive the petition if Wadhwa Constructions Infrastructure Pvt. Ltd. defaults on the consent terms. The court reviewed the consent terms, which were signed by authorized signatories of both parties.
Company Petition CP (IB) 803 of 2020 filed under…
Order sheet…
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