Tribunals and CommissionsDivision Bench(2024) 01 NCLT CK 3409

Vikas Metals vs SNS Starch Ltd

National Company Law Tribunal · Decided on 25 January 2024

HON’BLE JUDGES
Dr. Venkata Ramakrishna Badarinath Nandula, Member (Judicial) · Sh. Charan Singh, Member (Technical)
CASE NUMBER
RCP(IB) No. 2/9/HYD/2024 (Old Case C.P. (IB)/65/9/HYD/2020)

CourtKutchehry membership

More clarity. Every judgment.

Download court copies, explore connected cases and make more of every research session.

Loading membership options…

CourtKutchehry membership

More clarity. Every judgment.

Download court copies, explore connected cases and make more of every research session.

Loading membership options…

Ask AI about this case

AI Structured Summary

Not yet generated for this judgment

Judgment

4 paragraphs · 147 words

O R D E R

Learned Counsel Ms. Bharathi, for the counsel on record Mr. Raja Shekar Rao Salvaji, for petitioner present physically. Before we could pronounce the orders learned counsel representing the Operational Creditor present and stated that the parties have settled the dispute between themselves vide deed of settlement on 18.01.2024, and a photocopy of which has been enclosed to this memo and in furtherance of the settlement full payment has been received. A photocopy of the demand draft for a sum of rupees Fifteen Lakhs also been enclosed. A photocopy of the no due certificate issued by the Operational Creditor to the Corporate Debtor also has been enclosed. Thus, submitting learned counsel prayed for leave to withdraw this petition.

Perused the memo. Satisfied with the reasons. Memo is taken on record.

Hence the company petition is dismissed as settled out of Tribunal. No costs.