Tribunals and CommissionsDivision Bench(2024) 05 NCLT CK 3395

S Kumar Nationwide Limited vs RNT Distributors Private Limited

National Company Law Tribunal · Decided on 21 May 2024

HON’BLE JUDGES
Sanjiv Dutt, Member (Technical) · K. R. Saji Kumar, Member (Judicial)
CASE NUMBER
C.P. (IB)/968(MB)2020

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Judgment

3 paragraphs · 82 words

ORDER

1.

Counsel for the OC/Liquidator has tendered the original of the Consent Terms stating that the matter has been settled between the parties and the OC has received the entire payment of Rs. 42,00,000/- as full and final settlement. Hence, there is no need for OC to pursue the matter.

2.

Based on the above submissions made by both the Counsel for OC and CD, the above CP is allowed to be withdrawn. Hence, the CP is disposed of as withdrawn.