LAWS(NCLT)-2018-2-5

KINGSLEY INDUSTRIES LTD Vs. AL CHAMPDANI INDUSTRIES LTD

Decided On February 01, 2018
Kingsley Industries Ltd Appellant
V/S
AL CHAMPDANI INDUSTRIES LTD Respondents

JUDGEMENT

(1.) Ld. Counsel for the Operational Creditor as also Ld. Counsel for the Corporate Debtor are present. Ld. Counsel for the Operational Creditor and Ld. Counsel for the Corporate Debtor made a joint statement that parties have entered into settlement. In view of submissions made by both sides, the petition is dismissed as withdrawn.