Tribunals and Commissions

Kona Engineering Pvt Ltd vs M/s Skt Buildcon Pvt Ltd

National Company Law Tribunal · Decided on 19 July 2021 · Citation: (2021) 07 CK 0003

HON’BLE JUDGES
Rajesh Dayal Khare, Member (J)
CASE NUMBER
CP NO.(IB) 285/ALD/2019
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Judgment

10 paragraphs · 175 words
1.

The matter was taken up today through Video Conferencing.

2.

Heard Ms. Babita Jain, Advocate for the Petitioner and Sh. Satya Prakash Singh, Advocate for the Respondent through video conferenceing.

3.

Perusal of the earlier order of this Court dated 23.02.2021 shows that the learned counsel for the Petitioner had informed the Court that the matter

has been amicably settled between the parties and stated that she would file a withdrawal application, which is done and is on record, according to

which it is stated that the settlement agreement dated 22.02.2021 has been reached between the parties and the entire amount has been paid and

therefore the petitioner wants to withdraw the present petition and the aforesaid prayer has also not been opposed by the learned counsel for the

Respondent.

4.

After hearing the learned counsel for the parties, this Court is the of opinion, no useful

5.

purpose would be served in keeping the proceeding pending in the matter, thus the present

6.

petition is dismissed as withdrawn. No order as to cost.