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2021 (1) TMI 190 - NATIONAL COMPANY LAW TRIBUNAL KOCHI BENCHPermission for withdrawal of petition - the learned counsel for both parties brought to the notice of this Tribunal that the petitioners have filed a withdrawal/settlement memo on 15th December, 2020, stating that the petitioners and 2nd respondent who are the only shareholders of the 1st respondent company have now entered into a settlement to settle all disputes between them vide a Memorandum of Understanding dated 14th December, 2020. HELD THAT:- In view of the settlement of the matter between the parties and filing of withdrawal memo by the learned counsel for the applicant, CP/24/KOB/2020 is allowed to be withdrawn recording the compromise between the parties and CP/29/KOB/2020 is allowed to be withdrawn. Both parties are directed to strictly follow the conditions stipulated in the settlement memo.
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