Page 179 - IBC Orders us 7-CA Mukesh Mohan

Order Passed Under Sec 7
Hon’ble NCLT Ahemdabad Bench

IN THE NATIONAL COMPANY LAW TRIBUNAL
AHMEDABAD BENCH

C.P. (I.B.) No. 11/7/NCLT/AHM/2017

Decided On: 09.05.2017

Applicant: Vasanti Petro Chem Ltd.
VS
Respondent: Anil Ltd.

Judges/Coram:
Hon'ble Sh. Bikki Raveendra Babu, Member (J)

Counsels:
For Appellant/Petitioner/Plaintiff: Mr. Arjun Sheth

For Respondents/Defendant: Mr. Ashish Doshi

ORDER

Hon'ble Sh. Bikki Raveendra Babu, Member (J)

Learned Advocate Mr. Arjun Sheth present for Petitioner/ Financial Creditor. Learned PCS Mr. Ashish
Doshi present for Corporate Debtor/ Respondent.

Application is filed by the Financial creditor seeking permission to withdraw CP (IB) no. 11/2017 on the
ground that there is a settlement between Financial creditor and Corporate debtor.

The said application is registered as IA 104/2017. Notice on the application given to the Financial
creditor.

Heard both sides arguments.

The petitioner is at the stage of hearing before admission. It appears there is a settlement between

Financial Creditor and Corporate debtor.

Financial Creditor is permitted to withdraw the petition. IA 104/2017 is allowed accordingly.

In view of the order passed in IA 104/2017, this CP (TB) no. 11/2017 is dismissed as withdrawn. No
order as to costs.

179