Tribunals and CommissionsDivision Bench(2019) 09 NCLT CK 0917

Joel Cardoso vs Priority Marketing Pvt. Ltd.

National Company Law Tribunal · Decided on 3 September 2019

HON’BLE JUDGES
Bhaskara Pantula Mohan, Member (J) · Shyam Babu Gautam, Member (T)
CASE NUMBER
6.M.A. 2897/2019 in C.P.(IB)-1732(MB)/2018

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Judgment

5 paragraphs · 124 words

This is an application filed under section 12 (A) of the I & B Code R/w Regulations 30 A of the CIRP Regulations initiated against the Corporate Debtor for withdrawal of CP No. 1732 of 2018.

Heard the Counsel for the Applicant.

Counsel for the Applicant submits that the matter is amicably settled between the parties and they received the entire amount and prays for withdrawal of this Petition.

Accordingly, this Application is allowed permitting the applicant to withdraw the Petition. The order of CIRP passed in this Petition is recalled and the IRP is discharged from his duties. It is also submitted that the Corporate Debtor has paid the fees and out of pocket expenses to the IRP.

Accordingly, the CP is closed.