Allowed
In the matter of Bhala Finance Pvt. Ltd., v. Sokhal Dream Builder LLP Ia No. 428-JPR-2019 in Cp No. (Ib)-l 13-7-JPR-2019
Case brief
AI extract
What is this about?
The Tribunal allowed an application filed by the Resolution Professional under Section 12(a) of IBC, read with IBBI Regulation 30(a), seeking withdrawal of the Section 7 petition against the Joint Insurance Warranty Society. The withdrawal was approved based on a letter from the Financial Creditor.
What did the court decide?
Withdrawal of the application under Section 7 of IBC, 2016 allowed.