Iberchem India Limited an India Non Government Company v. Elegant Fragrances and Flavors Private Limited
Case brief
What is this about?
The petitioner filed a company petition challenging the allotment of shares. The parties subsequently reached an out-of-court settlement, and the petitioner sought to withdraw the petition. The court permitted the withdrawal and disposed of the petition as withdrawn along with a related company application.
What did the court decide?
The company petition is disposed of as withdrawn. The company application is declined to be entertained.