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Pankaj Kumar Arora vs Laxmi Fastners Limited

National Company Law Tribunal · Decided on 22 March 2022 · Citation: (2022) 03 NCLT CK 0076

HON’BLE JUDGES
Harnam Singh Thakur, Member J · Subrata Kumar Dash, Member, T
ACTS & SECTIONS REFERRED
Insolvency & Bankruptcy Code, 2016 — Section 9 · National Company Law Tribunal Rules, 2016 — Rule 11
RESULT
Dismissed
CASE NUMBER
IA Nos. 173/2022 & 174/2022 In CP (IB) No. 210/Chd/CHD/2019
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Judgment

6 paragraphs · 160 words

IA No. 174/2022

1.

Heard on IA No. 174/2022. This application has been filed for preponing the matter, which is fixed for 18.05.2022.The matter has been preponed for today, therefore, IA No. 174/2022 is rendered infructuous and disposed of accordingly.

IA No. 173/2022

2.

Heard on IA No. 173/2022, which is filed for withdrawal of CP (IB) No. 210/Chd/CHD/2019 on the ground of amicable settlement. The copy of the settlement deed dated 19.02.2022 has been placed on record.  This fact is admitted  by  learned  authorized  representative  of  the  applicant-petitioner-operational creditor as well as learned counsel for respondent-corporate debtor. Keeping in view the settlement deed dated 19.02.2022 and on request of learned authorized representative of the applicant-petitioner-operational creditor that he wants to withdraw CP (IB) No. 210/Chd/CHD/2019, IA No. 173/2022 is allowed and disposed of accordingly.

CP (IB) No. 210/Chd/CHD/2019

3.

In view of the order passed in IA No. 173/2022, CP (IB) No.210/Chd/CHD/2019 is ordered to be dismissed as withdrawn.