In the matter of The Kolhapur Steel Ltd. CP(IB)-1084(MB)-2020
Case brief
What is this about?
NCLT Mumbai Bench dismissed an application under Section 9 IBC, 2016 as withdrawn after the parties reached an amicable settlement involving full and final payment.
What did the court decide?
Withdrawal of the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016.
What the court decided
NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH, COURT-IV
- CP(IB)-1084(MB)/2020
CORAM:
SHRI RAJESH SHARMA MEMBER (Technical)
SMT. SUCHITRA KANUPARTHI MEMBER (Judicial)
ORDER SHEET OF THE HEARING HELD ON 09.02.2021
NAME OF THE PARTIES: Rahul Steel Traders V/s The Kolhapur Steel Ltd..
SECTION 9 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016
ORDER
The Court is convened through Video Conference.
- Mr. Nitish Bangera, Ld. Authorized Representative on behalf of the Petitioner present. No Representation on the part of the Respondent.
- Ld. Authorized Representative for the petitioner submits that the matter has been amicably settled between the parties and they have received the full and final settlement amount. In view of the settlement, the petitioner seeks for withdrawal of the petition. Accordingly, the petition
Parties & counsel
- petitioner
Rahul Steel Traders
- respondent
The Kolhapur Steel Ltd.
Coram
Rajesh Sharma
Case details
As recorded by the court registry
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