The Insolvency and Bankruptcy Tribunal treated a petition under Section 9 IBC filed by an operational creditor against a corporate debtor. The proceedings were discontinued as the petitioner unconditionally withdrew the matter after an amicable settlement between the parties.
Petition under Section 9 of IBC, 2016 is dismissed as withdrawn.
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 JAIPUR BENCH
(through web-bused vicleo conferencing platform)
Item No. 104 CP No. (IB)- 42l9tJPRt202o Under Section 9 of tBC, 2016
In the matter of:
M/s CEG Test House & Research Center Pvt. Ltd. ...Operational Creditor
Versus
M/s Avanza Engineering pvt. Ltd.
...Corporate Debtor
COTAM: HON'BLE MR. DEEP CHANDRA JOSHI, JUDICIAL MEMBER HON,BLE MR. PRASANTA KUMAR MOHANTY, TECHNICAL MEMBER Present Through Video Conferencing: -
For the Applicant : Naresh Kumar Sejvani, Adv.
ORDBR
Heard Mr. Naresh Kumar Sejvani, Adv. for the Petitioner/ Operational Creditor. It has been submitted by the Learned Counsel for the petitioner/
Operational Creditor that the matter has been amicably settled between the parties. He is withdrawing this petition unconditionally. Learned Counsel for the Petitioner is directed to move an application also within three days in this regard.
CP No. 42l9lJPN2020 is dismissed as withdrawn.
3,1-
(Prasanta Kumar Mohanty)
Technical Member
<J -- --/ (
(Dee/ChYndra Joshi)
Jutlicial Member
July 14, 2022 VG
1 provisions across 1 enactments
M/s CEG Test House & Research Center Pvt. Ltd.
M/s Avanza Engineering pvt. Ltd.
Deep Chandra Joshi
Prasanta Kumar Mohanty
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
