The Tribunal dismissed an Insolvency Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by an operational creditor against a corporate debtor, accepting the withdrawal of the petition.
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THE NATIONAL COMPANY LAW TRIBUNAL CHANDIGARH BENCH, CHANDIGARH (through web-based video conferencing platform)
Item No. 7 CP (IB) No. 104/Chd/Pb/2021
Under Section 9 of the Insolvency and Bankruptcy Code, 2016
In the matter of:-
Chamkaur Singh & Sons
…Petitioner-Operational Creditor
Vs.
Amar Parkash Rice Exports Pvt. Ltd. …Respondent-Corporate Debtor
Present through Video Conferencing:
Mr. Tejinder Pal Singh, Advocate for the petitioner-operational creditor.
On 04.10.2021, the following order was passed:-
“On the face of it, the CP is barred by the period of limitation. At the request of learned counsel for the petitioner to take appropriate steps, list the CP on 10.11.2021.”
want to proceed with the present petition and seeks leave of this Tribunal to withdraw the present petition. In view of the statement made by the learned counsel for the petitioner, the present CP (IB) No. 104/Chd/Pb/2021 is dismissed as withdrawn.
Sd/Sd/(Subrata Kumar Dash) (Harnam Singh Thakur) Member (Technical) Member (Judicial)
November 10, 2021 YP
Chamkaur Singh & Sons
Amar Parkash Rice Exports Pvt. Ltd.
Subrata Kumar Dash
Harnam Singh Thakur
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
