Tribunals and CommissionsDivision Bench(2019) 07 NCLT CK 0767

Backbone Construction Pvt. Ltd. vs JRCL Steel Pvt. Ltd.

National Company Law Tribunal · Decided on 25 July 2019

HON’BLE JUDGES
Harihar Prakash Chaturvedi, Member (Judicial) · Manorama Kumari, Member (Judicial)
CASE NUMBER
IA 303 of 2019 in/with C.P. (I.B) No. 215/NCLT/AHM/2018

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Judgment

6 paragraphs · 138 words

ORDER

The Parties are represented through their respective Learned Counsel(s). The instant application is filed for recalling order dated 10.04.2019, whereby the matter was heard in absence of Respondent.

In view of the order dated 24.07.2019, the Respondent brought demand draft of Rs. 10,50,263.00 bearing no. 983778 dated 11.07.2019 of Yes Bank Ltd., in the name of Petitioner as full and final settlement against the dues of Petitioner, the same is handed over to the Learned Lawyer of the Petitioner in due acknowledgment. The Learned Lawyers of both the side have put their signatures on attendance sheet. A\

Accordingly, the Petitioner has filed pursuits for withdrawal of the application, filed under Section 9 of the IB Code.

Hence, pursuits for withdrawal is allowed.

CP(IB) 215 of 2018 stand dismissed as withdrawn and IA 303 of 2019 become infructuous.