The case involves Punjab National Bank as the applicant and M/s World Wide Metals Pvt. Ltd. as the respondent. The order pertains to an application under Section 7 of the Insolvency and Bankruptcy Code (IBC).
Punjab National Bank filed a petition against M/s World Wide Metals Pvt. Ltd. Mr. Sharad Bhatnagar, Senior Manager of Punjab National Bank, appeared with his counsel and stated that he wanted to withdraw the petition. Based on this statement, the court dismissed the petition as withdrawn. The key fact is the applicant's explicit request to withdraw the petition, which the court honored.
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The order was d…
The case involves Punjab National Bank as the applicant and M/s World Wide Metals Pvt. Ltd. as the respondent. The order pertains to an application under Section 7 of the Insolvency and Bankruptcy Code (IBC).
Punjab National Bank filed a petition against M/s World Wide Metals Pvt. Ltd. Mr. Sharad Bhatnagar, Senior Manager of Punjab National Bank, appeared with his counsel and stated that he wanted to withdraw the petition. Based on this statement, the court dismissed the petition as withdrawn. The key fact is the applicant's explicit request to withdraw the petition, which the court honored.
The order was d…