Tribunals and CommissionsDivision Bench(2021) 10 NCLT CK 0302

S. Gurumoorthi vs Sahara Q Shop Unique Products Range Ltd

National Company Law Tribunal · Decided on 26 October 2021

HON’BLE JUDGES
Shyam Babu Gautam, Member (Technical) · P. N. Deshmukh, Member (Judicial)
CASE NUMBER
107. IA(I.B.C)/266( MB)2020 in C.P. (IB)/1378(MB )2017

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Judgment

2 paragraphs · 134 words

ORDER

IA 266 of 2020:- Counsel, Ms. Trupti Shetty appeared for the Applicant/Operational Creditor and Counsel, Ms. Zinnea Mehta appeared for the Corporate Debtor. The present Application is filed by the Operational Creditor under Section 12A of the Insolvency and Bankruptcy Code, 2016 informing this bench that the Operational Creditor has settled the matter with the Corporate Debtor Company and Operational Creditor is desirous to withdraw the captioned Company Petition. Counsel appearing for the Corporate Debtor Company also filed an affidavit indicating therein that no proceedings are pending either under Section 7 or 9 before any bench of NCLT, Mumbai. Taking note of the affidavit and the submissions made in the Application, this bench is satisfied. Accordingly, IA 266 of 2020 is allowed and disposed of and CP 1378 of 2017 is stand closed.