M/s. National Asset Reconstruction Company Ltd Vs M/s. SPML Infra Ltd

National Company Law Tribunal, New Delhi Court III 19 Mar 2024 IA-1678/2023 IA-6050/2022 in IB-179(ND)/2022 (2024) 03 NCLT CK 0054
Bench: Division Bench
Result Published
Acts Referenced

Judgement Snapshot

Case Number

IA-1678/2023 IA-6050/2022 in IB-179(ND)/2022

Hon'ble Bench

Bachu Venkat Balaram Das, Member (J); Atul Chaturvedi, Member (T)

Advocates

Ankush Kumar, Siddhant Jaiswal

Final Decision

Disposed Of

Acts Referred
  • Insolvency and Bankruptcy Code, 2016 - Section 7

Judgement Text

Translate:

It is submi(cid:9)ed by Mr. Ankush Kumar, Proxy Counsel that a joint applica(cid:31)on has been filed on 28.02.2024, bringing on record the se(cid:9)lement

agreement and seeking disposal of the present application filed under Section 7 of the IBC, 2016 in terms of the settlement.

Having heard the submissions made by the Learned Counsel appearing for both the par(cid:31)es and in view of the se(cid:9)lement arrived at between

the parties, the present application stands disposed of with liberty to revive the same, as cause of action does not survive.

IB-179(ND)/2022 is disposed of.

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