Tribunals and CommissionsDivision Bench(2019) 09 NCLT CK 0739

M/s. Prayag Polytech Pvt. Ltd. vs Grow Max India Pvt. Ltd.

National Company Law Tribunal · Decided on 23 September 2019

HON’BLE JUDGES
L.N. Gupta, Member (T) · Ina Malhotra, Member (J)
RESULT
Disposed Of
CASE NUMBER
(IB)-1140(ND)2019

CourtKutchehry membership

More clarity. Every judgment.

Download court copies, explore connected cases and make more of every research session.

Loading membership options…

CourtKutchehry membership

More clarity. Every judgment.

Download court copies, explore connected cases and make more of every research session.

Loading membership options…

Ask AI about this case

AI Structured Summary

Not yet generated for this judgment

Judgment

3 paragraphs · 89 words

ORDER

Ld. Counsels submits that a compromise has been effected pursuant to which the Corporate Debtor shall tender a Demand Draft of Rs. 14,11,000/- in full and final settlement of the claim during the course of the day. In view of the same, Ld. Counsel submits that subject to the receipt of the Demand Draft today, no further grievance shall survive. In view of the same, he wishes to withdraw the present petition with liberty to seek its restoration in the event of default of compliance.

Disposed off accordingly.