The Tribunal dismissed a petition filed under Section 9 of the IBC 2016 as withdrawn by the petitioner after the respondent claimed full payment of the claimed amount.
The petition for admission of insolvency was dismissed as withdrawn.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.
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THE NATIONAL COMPANY LAW TRIBUNAL CHANDIGARH BENCH, CHANDIGARH ( through web-based video conferencing platform )
Item 6
CP(IB) No. 200/Chd/Hry/2019
Under Section 9, IBC 2016
In the matter of:-
MM Aqua Technology Ltd ….Petitioner/Operational Creditor
Vs.
Paltech Cooling Towers Pvt. Ltd. …Respondent/Corporate Debtor
Present through Video Conferencing:
Mr. Pulkit Jain, Advocate for Petitioner None for respondent
It is submitted by learned counsel for the petitioner that the entire claimed amount has been paid by learned counsel for respondent. On instructions, he wants to withdraw the present petition. Keeping in view the statement made by learned counsel for petitioner, the present petition is dismissed as withdrawn.
Sd/Sd/- (Subrata Kumar Dash) (Harnam Singh Thakur) Member (Technical) Member (Judicial)
March 21, 2022 PB
CP(IB) No. 200/Chd/Hry/2019
MM Aqua Technology Ltd
Paltech Cooling Towers 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
