This Company Petition is filed for violation by levying compounding fee as per Section 621A of the Companies Act, 1956 on reasonable terms as may be determined by this Tribunal.
A memo is filed on behalf of Petitioner Company seeking permission to withdraw the matter.
It is reported in the memo that the Petitioner Company is withdrawing the Company Petition. Since, the petitioner company is withdrawing the petition, permission can be granted.
In the result, permission is granted to the Petitioner Company to withdraw the petition and the Company Petition No. 17/2016 is dismissed as withdrawn.
This order may be communicated to the Registrar of Companies, Karnataka at Bangalore.