In the matter of Lyka Labs Ltd. C.P.(IB)-45(AHM)2021
Case brief
What is this about?
The Tribunal disposed of the application for adjudication of insolvency initiated by Aditya Meruchem Pvt Ltd. against Lyka Labs Ltd. as withdrawn following a settlement between the parties.
What did the court decide?
Permission granted to withdraw the application; Standing Case P. No.. C.P.(IB)/45(AHM)2021 disposed as withdrawn.
What the court decided
IN THE NATIONAL COMPANY LAW TRIBUNAL AHMEDABAD DIVISION BENCH COURT - 1
ITEM No.107 C.P.(IB)/45(AHM)2021
Proceedings under Section 9 IBC
IN THE MATTER OF: Aditya Meruchem Pvt Ltd. ........Applicant V/s Lyka Labs Ltd ........Respondent
Order delivered on: 11/01/2023
Coram:
Dr. Madan B. Gosavi, Hon’ble Member(J) Mr.Kaushalendra Kumar Singh, Hon’ble Member(T)
PRESENT:
For the Applicant : Mr. Karan Sanghani, Advocate, on behalf of Mr. Vijay H. Patel, Advocate. For the Respondent : Ms. Dharmishta N. Raval, Advocate.
ORDER
Both of them submitted that the parties have settled the matter. Ld. Counsel for the Operational Creditor filed the Withdrawal Pursis. The permission is granted.
Parties & counsel
- applicant
Aditya Meruchem Pvt Ltd.
- respondent
Lyka Labs Ltd
Coram
Dr. Madan B. Gosavi
Case details
As recorded by the court registry
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