In this insolvency case under Section 9 of the IB Code, 2016, the petitioner submitted that the claim amount was fully paid. The Tribunal dismissed the petition on the petitioner's request to withdraw it as it was no longer pressed.
Petition dismissed on the request of the petitioner to withdraw the same as the claim had been paid.
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-IV
45.CP(IB)-793(MB)/2020
CORAM:
SHRI RAJESH SHARMA MEMBER (Technical)
SMT. SUCHITRA KANUPARTHI MEMBER (Judicial)
ORDER SHEET OF THE HEARING HELD ON 11.01.2021
NAME OF THE PARTIES: Pag International Private Limited V/s Parinee Shelters Private Limited
SECTION 9 OF THE INSOLVENCY AND BANKRUPTCY CODE 2016
ORDER
The Court is convened through Video Conference.
amount has been paid and prays to withdraw the present petition.
Accordingly, on the request, the Petition is dismissed as not pressed.
Sd/- Sd/-
RAJESH SHARMA Member (Technical)
SUCHITRA KANUPARTHI Member (Judicial)
/SVR/
1 issue framed by the court
Whether the petition u/s 9 of the Insolvency and Bankruptcy Code, 2016 can be withdrawn upon payment of the claim?
1 provisions across 1 enactments
Pag International Private Limited
Parinee Shelters Private Limited
Rajesh Sharma
Suchitra Kanuparthi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
