Tribunals and CommissionsDivision Bench(2022) 03 NCLT CK 0364

Saptgiri Commodity Pvt. Ltd. vs Prayag Polytech Pvt. Ltd.

National Company Law Tribunal, Jaipur Bench (Rajasthan) · Decided on 30 March 2022

HON’BLE JUDGES
Deep Chandra Joshi, Judicial Member · Raghu Nayyar, Technical Member
CASE NUMBER
CP No. (IB)- 287/7/JPR/2019

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Judgment

4 paragraphs · 116 words

IA No. 157/JPR/2022:

Heard Mr. Bhrigu Sharma, Adv. for the Petitioner/ Financial Creditor. Mr. Vipul Ganda, Adv. appearing on behalf of the Respondent/ Corporate Debtor submits that a settlement agreement has been filed by way of E-filing No. 0811101002502022 dated 29.03.2022. It has been agreed that Respondent/ Corporate Debtor will pay Rs. 25,00,000/- to the Financial Creditor and entire amount has been paid to the Financial Creditor. Mr. Bhrigu Sharma, Adv. acknowledges the receipt and seeks to withdraw the application. Permission granted. CP No. (IB)- 287/7/JPR/2019 is dismissed as withdrawn in terms of settlement agreement.

CP No. (IB)- 287/7/JPR/2019:

In view of the order passed in IA No. 157/JPR/2022, the instant CP is dismissed as withdrawn.