Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2019 (11) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (11) TMI 1577 - Tri - Insolvency and BankruptcyPermission for withdrawal of application - issue has been settled between the parties - Maintainability of application - initiation of CIRP - HELD THAT:- Since the Company Petition is not yet admitted by the Adjudicating Authority, and the parities themselves have settled the issue, we are inclined to permit the Petitioner to withdraw the instant Company Petition subject to honouring the cheques as mentioned in the Joint Memo dated 18-11-2019, by reserving liberty to the Petitioner to file fresh Company Petition in accordance with law, in the event the Respondent is failed to honouring any of the abovementioned cheques as mentioned in the said Joint Memo. Petition disposed of as withdrawn by directing the Respondent to strictly adhere to the payment schedule as mentioned in the Joint Memo dated 18-11-2019 without fail, failing which the Petitioner is at liberty to file fresh Company Petition in accordance with law.
|