Legal11 Mar 2026, 03:18 pm
Williamson Magor & Company Ltd: Insolvency Application Withdrawn Before NCLT
AI Summary
Williamson Magor & Company Ltd has informed about the withdrawal of an insolvency application under section 7 of the Insolvency and Bankruptcy Code, 2016 by Carnex Timbers Pvt. Ltd. The application was filed before the National Company Law Tribunal (NCLT), Kolkata Bench. The parties have reportedly settled the matter fully and finally, leading to the dismissal of the application as withdrawn.
Key Highlights
- Williamson Magor & Company Ltd received intimation of withdrawal of insolvency application under section 7 of Insolvency and Bankruptcy Code, 2016 by Carnex Timbers Pvt. Ltd.
- The application was filed before the NCLT, Kolkata Bench.
- The parties have settled the matter fully and finally.
- The NCLT, Kolkata Bench has dismissed the application as withdrawn.
- A copy of the order is awaited for disclosure.