Tribunals and CommissionsDivision Bench(2021) 07 NCLT CK 0023

M/s Small Industries Development Bank of India vs Kishangarh Hi-tech Textile Park Limited

National Company Law Tribunal · Decided on 13 July 2021

HON’BLE JUDGES
Ajay Kumar Vatsavayi, Member (J) · Raghu Nayyar, Member (T)
RESULT
Dismissed
CASE NUMBER
IA No. 165 JPR/2021 In CP No. (lB)-321/7 I JPR 2019

AI Structured Summary

Not yet generated for this judgment

Judgment

5 paragraphs · 86 words

IA No. 165/JPR/2021:-

This application has been filed by the Applicant seeking to withdraw the CP. It is submitted that the one tirne settlement proposal of the Respondent /

Corporate Debtor has been sanctioned by the Petitioner bank and the Respondent bank has repaid the entire debt and the bank has issued no dues

certification to this effect also. In the circumstances, and in view of the settlement of the debt, IA No"" l65lJPN2021 is allowed and accordingly, CP

No. (IB)- 32Il71JPR/2019 is dismissed as withdrawn.