Disposed
In the matter of Csi Computech (India) Pvt. Ltd. [C.P. (IB)-375(MB)2022]
NCLTC.P. (IB)-375(MB)2022
Case brief
AI extract
What is this about?
The National Company Law Tribunal, Mumbai Bench, allowed the withdrawal of a Corporate Insolvency Resolution Process application filed under Section 7 of the Insolvency and Bankruptcy Code. The withdrawal was permitted with liberty to revive the application if the consent terms conditions were not met.
What did the court decide?
Consent terms filed vide e-filing No. 2709138/01770/2024 were taken on record; C.P. allowed to be withdrawn with liberty to revive if conditions in consent terms are breached.