Tribunals and CommissionsDivision Bench

Rubber O Malabar Products Pvt. Ltd vs M/s. Laxmiasho Conveyors & Variants Pvt. Ltd

National Company Law Tribunal · Decided on 14 July 2021 · Citation: (2021) 07 NCLT CK 0016

HON’BLE JUDGES
Rajasekhar V. K, Member (J) · Satya Ranjan Prasad, Member(T)
RESULT
Dismissed
CASE NUMBER
CP (IB) No. 1861/CB,12020
Ask AI about this case

AI Structured Summary

Not yet generated for this judgment

No AI summary yet

Generate an eight-section analysis of this judgment — facts, issues, reasoning, ratio and a plain-language gist.

Judgment

4 paragraphs · 89 words
1.

CP (IB) No. 186/C812020, after extensive hearings spread over 3 days, the parties have arrived at settlement, which has culminated in an

agreement dated 14.07 .2021. The settlement agreement is taken on record and shall form part of the Order.

2.

CP (IB) l86lcBl2020 is dismissed as withdrawn in accordance with the settlement agreement. Liberty, is, however, granted to the Operational

Creditor to revive the Company Petition at the stage at which it was teft off, in there is any default on the part of the Corporate Debtor.