Tribunals and CommissionsDivision Bench(2019) 08 NCLT CK 0657

Sarwottam Ispat Ltd vs Sainath Esates Pvt Ltd

National Company Law Tribunal · Decided on 20 August 2019

HON’BLE JUDGES
Ratakonda Murali, Member (Judicial) · Narender Kumar Bhola, Member (Technical)
CASE NUMBER
CP(IB) No.573/9/HDB/2018

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Judgment

5 paragraphs · 76 words

ORDER

Counsel for Operational Creditor is present. He has filed memo for withdrawal of the Petition on the ground already CIRP started against the Corporate Debtor Company.

Even otherwise, CIRP started against the CD, therefore proceedings cannot be continued against Corporate Debtor.

Memo is recorded. Permission is granted to the Operational Creditor to withdraw the Petition on the ground claim was already filed before the IRP. Petition is accordingly dismissed as withdrawn, vide separate orders.

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