Dismissed

In the matter of Vijay Suraksha Realty LLP Cp (Ib) No. 2938-MB-2019

NCLT12 Jan 2021

Case brief

AI extract

What is this about?

The National Company Law Tribunal, Mumbai Bench, allowed a withdrawal of the Corporate Insolvency Resolution Process petition (CP No. 2938 of 2019) by Operative Creditor Shikhar Leasing and Trading Ltd vs. Corporate Debtor Vijay Suraksha Realty LLP upon satisfaction that parties settled the matter.

What did the court decide?

Withdrawal of CP 2938 of 2019 allowed; Consent terms dated 09.12.2020 accepted and form part of the order.

In the matter of Vijay Suraksha Realty LLP Cp (Ib) No… — Insolvency and Bankruptcy | NCLT (2021)

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NATIONAL COMPANY LAW TRIBUNAL

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COURT No. – I, MUMBAI BENCH

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CP (IB) No. 2938/MB/2019

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Shikhar Leasing & trading Ltd V/s

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Vijay Suraksha Realty LLP

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Dated 12^th January, 2021

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ORDER

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The matter is taken up on VC. Counsel for the Petitioner (Operational Creditor) and Respondent (Corporate Debtor) are present. The mentioning praecipe as filed by the Petitioner is taken on record. The praecipe is for taking up the CP and order for withdrawal of the CP. The praecipe is allowed. CP No. 2938 of 2019 is taken on record. The parties have filed consent terms dated 09.12.2020 and have agreed to withdraw the matter. Heard. On perusal, we are satisfied that the parties have settled the matter and the matter can be withdrawn. CP No. 2938 of 2019 is dismissed as withdrawn in terms of Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The consent terms shall form part of the order. The physical copy of the consent terms be filed with the Registry.

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SD/-

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SD/-

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V. NALLASENAPATHY JANAB MOHAMMED AJMAL Member (Technical) Member (Judicial)

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BEFORE THE HON’BLE NATIONAL COMPANY LAW TRIBUNAL

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MUMBAI BENCH, MUMBAI

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C.P. (IB) NO. 2938/2019

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IN THE MATTER OF:

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Shikhar Leasing and Trading Limited

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…Petitioner/Financial Creditor

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Versus

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Vijay Suraksha Realty LLP

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…Respondent/Corporate Debtor

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BE PLEASED , to circulate the papers and proceedings in the captioned company petition before the Hon’ble Bench comprising of Shri Mohammed Ajmal and Shri V. Nallasenapathy on an earliest date, when the counsel for both the parties shall be making an urgent application for filing the consent terms dated December 9, 2020 (“ Consent Terms ”) arrived between the parties.

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The Petitioner/Financial Creditor desires to place the Consent Terms on record so that the captioned matter can be disposed of in terms of the Consent Terms. In view of the above, the Petitioner requests that the company petition be listed on an earliest date. Copy of the Consent Terms is annexed hereto as Annexure A .

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The advocates for both the parties will be attending the hearing by video conference if circulation is granted.

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Dated this 18^th day of December, 2020

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Yours faithfully,

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AZB & Partners

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Advocates for the Petitioner/Financial Creditor

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ANNEXURE A

In the matter of Vijay Suraksha Realty LLP Cp (Ib) No. 2938-MB-2019

Case brief

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In the matter of Vijay Suraksha Realty LLP Cp (Ib) No. 2938-MB-2019

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