This court allowed the petitioning creditor to withdraw the insolvency petition after the out-of-court settlement of the debt and dismissed an amendment notice.
Leave granted to withdraw insolvency petition; Notice of Motion No. 13 of 2008 dismissed.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
IN INSOLVENCY
NOTICE OF MOTION NO. 13 OF 2008
IN
PETITION NO. 10 OF 2007
Re: Jayantilal Khandwala
& Sons & Ors. ..Debtors
Ex-parte :
Neebha Kapoor ..Petitioning Creditor
Ms. Manorama Mohanti i/b. M/s. S. K. Srivastava
& Co. for the Petitioning Creditor.
Mr. Vivek Sharma for the Debtor Nos. 1 to 4.
CORAM : S. A. BOBDE, J.
DATE : 5TH AUGUST, 2008.
P.C.
. Learned counsel for the parties states that
the dispute has been settled out of court on the
ground that the debt has been settled. The
Petitioning Creditor therefore seeks leave to
withdraw the petition. Insolvency Registrar is
directed to issue the usual advertisement in the
local newspaper "Free Press Journal" notifying the
withdrawal and inviting objections, if any, within a
period of two weeks.
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2. Consequently, Notice of Motion No. 13 of
2008 for amendment stands dismissed.
3. Adjourned to 2.9.2008.
(S. A. BOBDE, J.)
Neebha Kapoor
Jayantilal Khandwala & Sons & Ors.
S. A. Bobde
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court