The case involves M/s V2 Lights as the applicant/petitioner and Ajnara Realtech Ltd as the respondent. The matter pertains to an order under Section 9 of the Insolvency & Bankruptcy Code, 2016. The corporate debtor's counsel stated that the parties have amicably settled the matter, and the payment as per the settlement has already been made.
M/s V2 Lights filed a petition against Ajnara Realtech Ltd under Section 9 of the Insolvency & Bankruptcy Code, 2016. During the proceedings, Mr. Rajesh Gupta, the learned counsel for the Corporate Debtor, stated that the parties had amicably settled the matter and that the payment as per the settlement had already been made. No one appeared on behalf of the petitioner. Based on these facts, the court dismissed the petition as having been rendered infructuous.
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Order delivered on 06.06.2019 regarding the…
The case involves M/s V2 Lights as the applicant/petitioner and Ajnara Realtech Ltd as the respondent. The matter pertains to an order under Section 9 of the Insolvency & Bankruptcy Code, 2016. The corporate debtor's counsel stated that the parties have amicably settled the matter, and the payment as per the settlement has already been made.
M/s V2 Lights filed a petition against Ajnara Realtech Ltd under Section 9 of the Insolvency & Bankruptcy Code, 2016. During the proceedings, Mr. Rajesh Gupta, the learned counsel for the Corporate Debtor, stated that the parties had amicably settled the matter and that the payment as per the settlement had already been made. No one appeared on behalf of the petitioner. Based on these facts, the court dismissed the petition as having been rendered infructuous.
Order delivered on 06.06.2019 regarding the…