Tribunals and CommissionsDivision Bench(2021) 10 NCLT CK 0429

M/s Raymond Ltd vs Shamik Enterprises Private Limited

National Company Law Tribunal · Decided on 1 October 2021

HON’BLE JUDGES
H.V. Subba Rao, Member (J) · Chandra Bhan Singh, Member (T)
CASE NUMBER
C.P.(IB)-1032(MB)/2019

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Judgment

3 paragraphs · 72 words

ORDER

Counsel for the Applicant, Mr. Kunal Katariya is present through virtual hearing.

Counsel appearing for the Applicant on instructions sought oral permission to withdraw the above Company Petition in view of serious issue of maintainability. Liberty is granted and the above Company Petition stands disposed of as withdrawn with a liberty to initiate an appropriate recovery proceedings against the Corporate Debtor for realization of the amount subject to law of limitation.