Invent Assets Securitisation and Reconstruction Pvt. Ltd. Vs Vikas Jain

National Company Law Tribunal, Chandigerh Court-II 16 Jan 2025 IA(I.B.C)/2353(CH)2024 In CP (IB) No. 121/Chd/Pb/2024 (2025) 01 NCLT CK 0003
Bench: Division Bench
Result Published

Judgement Snapshot

Case Number

IA(I.B.C)/2353(CH)2024 In CP (IB) No. 121/Chd/Pb/2024

Hon'ble Bench

V.G. Venkata Chalapathy, Member (T); Haram Singh Thakur, Member (J)

Advocates

Vipul Sabharwal

Final Decision

Allowed

Judgement Text

Translate:

IA(I.B.C)/2353(CH)2024

This is an application filed under Rule 154 of NCLT Rules, 2016 for rectification of order dated 06.08.2024. In the second line of para No. 2 of the

order, it is stated “that on the basis of settlement, he may be permitted to withdraw the present petition†but according to learned counsel for

the applicant it was on the instructions to withdraw the present petition as the point of limitation was involved in this.

Keeping in view the facts and circumstances mentioned in the application, present application i.e. IA(I.B.C)/2353(CH)2024 is allowed and in interest

of justice, order dated 06.08.2024 is rectified to the extent, that

“in view of the statement made by learned counsel for the applicant, the petition bearing CP (IB) No. 121/Chd/Pb/2024 is dismissed as withdrawn

with liberty to avail the civil remedy, if anyâ€​ correction in para No. 2 of the order dated 06.08.2024 is made accordingly

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