Allowed
In the matter of Hindustan Construction Co. Ltd. [C.P.(IB)-3216(MB)-2019]
NCLTC.P.(IB)-3216(MB)-2019
Case brief
AI extract
What is this about?
C.P. (IB) merger petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 was dismissed as withdrawn upon consent terms evidencing settlement of the operational creditor's claim, with liberty to approach again in case of default.
What did the court decide?
C.P.(IB)-3216(MB)/2019 dismissed as withdrawn upon consent terms evidencing settlement; liberty granted to the Operational Creditor to approach the Tribunal again in case of default.