Tribunals and CommissionsDivision Bench(2023) 10 NCLT CK 3114

Siddhi Ganesh Metal Private Limited vs Flash Forge Private Limited

National Company Law Tribunal · Decided on 10 October 2023

HON’BLE JUDGES
Sanjiv Dutt, Member (Technical) · K. R. Saji Kumar, Member (Judicial)
CASE NUMBER
IA 4023(MB)2023 IN C.P. (IB)/297(MB)2022

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Judgment

4 paragraphs · 104 words

ORDER

IA 4023(MB)2023

Both Counsel jointly hand over to the Bench the withdrawal application containing consent terms. Counsel for the CD also provided the Board Resolution by the CD to settle the matter with the OC. The above documents are taken on record. Counsel for the both sides sought permission for withdrawing the main application, which is granted.

2.

In view of the above, this I.A. is allowed and the main CP is disposed of as withdrawn without prejudice to the rights of the OC to revive the C.P. in the event of the failure of any of the conditions in the consent terms.