Tribunals and CommissionsDivision Bench(2019) 09 NCLT CK 0810

Sethu Transports vs Shree Ambika Sugars Ltd

National Company Law Tribunal · Decided on 16 September 2019

HON’BLE JUDGES
S. Vijayaraghavan, Member (Technical) · B.S.V. Prakash Kumar, Member (Judicial)
RESULT
Disposed Of
CASE NUMBER
IBA/745/2019

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Judgment

3 paragraphs · 68 words

ORDER

On the compromise arrived at between the parties, the Operational Creditor counsel has filed a memo for withdrawal of this case with liberty to revive the same in the event of default in payment schedule.

As to prayer of withdrawal is concerned, this Petition can be dismissed as withdrawn, but as to revival, there is no provision for revival, therefore, this IBA/745/2019 is hereby dismissed as withdrawn.