The NCLT Mumbai Bench dismissed a Section 7 application as not pressed after the petitioner requested withdrawal following an amicable settlement between it and the corporate debtor.
Petition dismissed as not pressed on request for withdrawal citing amicable settlement.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH COURT – V
CORAM:
SMT. ANURADHA SANJAY BHATIA SMT. SUCHITRA KANUPARTHI MEMBER (Technical) MEMBER (Judicial)
ORDER SHEET OF THE HEARING HELD ON 02.12.2021
Name of the Parties: SHAPOORJI PALLONJI AND COMPANY PRIVATE LIMITED
Vs.
MUMBAI METRO ONE PRIVATE LIMITED
SECTION 7 OF INSOLVENCY AND BANKRUPTCY CODE, 2016
ORDER
The Court is convened through Video Conference.
ANURADHA SANJAY BHATIA Member (Technical)
SUCHITRA KANUPARTHI Member (Judicial)
/NP/
1 issue framed by the court
Whether the Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 should be withdrawn and dismissed when the matter is amicably settled.
1 provisions across 1 enactments
SHAPOORJI PALLONJI AND COMPANY PRIVATE LIMITED
ANURADHA SANJAY BHATIA
SUCHITRA KANUPARTHI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
