Allowed
In the matter of Photogravurs (India) Private Limited [Ia 5648(MB)2023 in C.P. (IB)-460(MB)2023]
NCLTIA 5648(MB)2023 in C.P. (IB)-460(MB)2023
Case brief
AI extract
What is this about?
The National Company Law Tribunal Mumbai Bench disposed of a Corporate Insolvency Resolution Process application wherein the respondent requested to withdraw a related petition due to an amicable settlement between the parties. The court allowed the withdrawal and dismissed the main application.
What did the court decide?
Counsel for the Respondent was allowed to withdraw the petition under Section 7; the main C.P. (IB)/460(MB)2023 was dismissed as withdrawn; the admitted application (IA-5648) was allowed and disposed