The tribunal dismissed an insolvency petition under Section 9 of the IBC, 2016, as withdrawn by the petitioner after confirming receipt of the claimed amount.
Petition under Section 9 of IBC 2016 dismissed as withdrawn.
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THE NATIONAL COMPANY LAW TRIBUNAL CHANDIGARH BENCH, CHANDIGARH ( through web-based video conferencing platform )
Item 25
CP(IB) No. 52/Chd/Pb/2020
Under Section 9, IBC 2016
In the matter of:-
Inox Air Products Pvt. Ltd
….Petitioner/Operational Creditor
Vs.
Upper India Steel Manufacturing & Engineering Co. Ltd. …Respondent/Corporate Debtor
Present through Video Conferencing: Mr. Manish Jain, Advocate for Petitioner Mr. Vaibhav Sharma, Advocate for Respondent
It is stated by learned counsel for petitioner that the entire claimed amount has been received and he does not want to proceed further with this petition. This fact is admitted by learned counsel for the respondent. Keeping in view the statement made by learned counsel for petitioner, the petition is dismissed as withdrawn.
Sd/Sd/- (Subrata Kumar Dash) (Harnam Singh Thakur) Member (Technical) Member (Judicial)
March 14, 2022 PB
CP(IB) No. 52/Chd/Pb/2020
1 provisions across 1 enactments
Inox Air Products Pvt. Ltd
Upper India Steel Manufacturing & Engineering Co. Ltd.
Subrata Kumar Dash
Harnam Singh Thakur
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
