Allowed
In the matter of Gini & Jony Limited [Ia(I.B.C)- 4459(MB)2023 in C.P. (IB)-686(MB)2022]
NCLTIA(I.B.C)- 4459(MB)2023 in C.P. (IB)-686(MB)2022
Case brief
AI extract
What is this about?
The Tribunal allowed the application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) on settlement between the parties, disposing of the main case as withdrawn.
What did the court decide?
IA allowed; main CP disposed of as withdrawn without prejudice to FC's rights to revive on failure of settlement.