Dismissed
In the matter of Rolta Defence Technology Systems Private Limited CP(IB)-546(MB)/2020.
Case brief
AI extract
What is this about?
The National Company Law Tribunal Mumbai Bench, Court-IV dismissed a Section 9 application filed by Sanjay Kishore against Rolta Defence Technology Systems Private Limited. The dismissal occurred because the parties reached an amicable settlement, and the petitioner received a full and final settlement amount, leading to the withdrawal of the petition.
What did the court decide?
The petition under Section 9 of the IB Code is dismissed as it is not pressed following an amicable settlement and receipt of full payment.