Ahluwalia Contracts settles payment issues with operational creditor
May 11, 2021
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A2 Interiors Products has filed an application to withdraw the insolvency process initiated by the NCLT Delhi
Ahluwalia Contracts (India) Ltd has settled the payment issues with its operational creditor A2 Interiors Products and has sought the withdrawal of insolvency process initiated by the National Company Law Tribunal (NCLT).
The matter has been amicably resolved and settled with A2 Interiors Products, who has, in turn, filed for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) with the Interim Resolution Professional (IRP) and NCLT, Ahluwalia Contracts said in a statement.
“The steps to get the order set aside are in progress,” it added.