In the matter of Engineering Professional Company Pvt. Ltd. - Ia 159 of 2023 in Cp(Ib) 416 of 2020
Case brief
What is this about?
The Tribunal allowed the applicant's application under Section 12(A) of the IBC to withdraw the main insolvency application (CP(IB) 416 of 2020). The withdrawal was approved based on a settlement deed executed between the parties and a CoC vote, resulting in the disposal of the main application.
What did the court decide?
Application allowed; main insolvency application CP(IB) 416 of 2020 stands withdrawn and disposed of.