The Tribunal dismissed the corporate insolvency resolution application as withdrawn by the petitioner, relying on recent Supreme Court instructions regarding home buyers.
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THE NATIONAL COMPANY LAW TRIBUNAL CHANDIGARH BENCH, CHANDIGARH (through web-based video conferencing platform)
Item No.38 CP (IB) No. 575/Chd/Hry/2019 Under Section 7 of IBC, 2016.
In the matter of:-
Ravi Gupta …Petitioner-Financial Creditor
Versus
Primezone Developers Pvt. Ltd. …Respondent-Corporate Debtor
Present through Video Conferencing:
Mr. Manish Jain, Advocate with Ms. Divya Sharma, Advocate for the petitioner financial creditor.
It is submitted by learned counsel for the petitioner that the present matter pertains to home buyer and she wants to withdraw the present petition. In view of the orders passed in the judgment of Hon’ble Supreme Court in Manish Kumar Vs. Union of India (UOI) and Ors. Writ Petition (C) No. 26 of 2020 dated 19.01.2021 and keeping in view the facts and circumstances of the
case, the present petition is dismissed as withdrawn.
Sd/Sd/(Subrata Kumar Dash) (Harnam Singh Thakur) Member (Technical) Member (Judicial)
December 07, 2021 HM
CP (IB) No. 575/Chd/Hry/2019
Ravi Gupta
Primezone Developers Pvt. Ltd.
Subrata Kumar Dash
Harnam Singh Thakur
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
