In the matter of Chartered Hotels Pvt. Ltd. C.P.(IB)-2169-2019
Case brief
What is this about?
The National Company Law Tribunal Mumbai Bench dismissed a Section 9 application as withdrawn pursuant to jointly filed Consent Terms, with liberty granted to the Operational Creditor for future approach.
What did the court decide?
CP dismissed as withdrawn. Liberty granted to Operational Creditor to approach Tribunal again in case of default.
What the court decided
IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH
COURT - IV
9
C.P.(IB)-2169/2019
CORAM : SHRI RAJASEKHAR V.K. MEMBER (J)
SHRI RAVIKUMAR DURAISAMY MEMBER (T)
ORDER SHEET OF THE HEARING HELD ON 08.11.2019. Name of the Parties: Ekbote's Logs and Lumbers Pvt Ltd
V/s.
Chartered Hotels Pvt Ltd
SECTION 9 OF THE INSOLVENCY & BANKRUPTCY CODE, 2016
ORDER
- Ld. Counsel for the parties present. Ms. Surbhi Kala, Ld. Authorized Representative of the Corporate Debtor present in person. Mr. Nagraj Bansode, Ld. Authorized Representative for the Operational Creditor also present in person. The parties have jointly filed Consent Terms in the matter. Consent Terms are taken on record. CP is Dismissed as withdrawn in accordance with the Consent Terms. However, liberty is granted to the Operational Creditor to approach the Tribunal again in case there is any default.
Parties & counsel
- appellant
Ekbote's Logs and Lumbers Pvt Ltd
- respondent
Chartered Hotels Pvt Ltd
Coram
RAJASEKHAR V.K.
Case details
As recorded by the court registry
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