Disposed
In the matter of Webpros Solution Pvt. Ltd. Cp (Ib) No. 22-9-AMR-2020
Case brief
AI extract
What is this about?
In this National Company Law Tribunal matter, none appeared for the petitioner or respondent. Assuming a settlement due to consistent non-appearance and lack of interest in proceeding, the Tribunal dismissed the Company Petition filed under Section 9 of the IBC without recording further reasons.
What did the court decide?
The Company Petition filed under Section 9 of the IBC is dismissed by assumption of settlement between parties due to non-appearance.