On 13.11.2019, the NCLT Mumbai Bench dismissed the insolvency petition as not pressed due to an alleged amicable settlement between the parties where the deed of settlement was filed and placed on record.
Petition dismissed as not pressed based on amicable settlement and filed deed.
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NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH
CORAM : SMT. SUCHITRA KANUPARTHI, MEMBER (J)
SHRI V. NALLASENAPATHY, MEMBER (T)
ORDER SHEET OF THE HEARING OF MUMBAI BENCH OF THE NATIONAL COMPANY LAW TRIBUNAL ON 13.11.2019
NAME OF THE PARTIES: Esgee Wiretech
v/s. Zone 8 Tea World Pvt. Ltd.
UNDER SECTION 9 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016.
ORDER
30. C.P.(IB)-2168(MB)/2019
Both sides present. Counsel for the Petitioner submits that the matter has been amicably settled between the parties and the deed of settlement is filed. Deed of settlement taken on record. At the request of Counsel for the Petitioner, for withdrawal of this Petition, this Petition is dismissed as not pressed.
Sd/- Sd/V. NALLASENAPATHY SUCHITRA KANUPARTHI Member (Technical) Member (Judicial)
/n/
Esgee Wiretech
Zone 8 Tea World Pvt. Ltd.
Smt. Suchitra Kanuparthi
Shri V. Nallasenapathy
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
