Allowed
In the matter of Budhale Engineer Pvt. Ltd. I.A. 598-2020 In C.P.(IB)-1859(MB)-2019
Case brief
AI extract
What is this about?
NCLT Mumbai Bench allowed an application under Section 12A of IBC, 2016 filed by the Resolution Professional to withdraw the restructuring petition under Section 9. The petition was disposed of upon verification of payments made by the corporate debtor.
What did the court decide?
Interlocutory application no. 598/2020 allowed; Company Petition 1859/2019 disposed of.