In the matter of Kshama Builders and Developers Pvt. Ltd. Ia 849 & 1208-2020 in CP(IB)4303-MB-2019
Case brief
What is this about?
The National Company Law Tribunal Mumbai Bench disposed of two applications. IA 849/2020 was allowed to withdraw the company petition filed under Section 12A of IBC, 2016, citing the document signed pursuant to the IBBI Regulations. IA 1208/2020 was dismissed being a duplicate.
What did the court decide?
Prayer for withdrawal of the Company Petition under Section 12A of IBC allowed and CP closed; duplicate application dismissed.