The appeal was filed against the order dated September 30, 2021, passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench, Court-IV) in IA-1952/2021 in CP(IB)-3221(MB)/2019. The Adjudicating Authority dismissed the application and directed the IRP to get withdrawal of CIRP approved from the Committee of Creditors (CoC). The appellant is aggrieved by this order. The Corporate Debtor was admitted into Insolvency, and a public announcement was made on August 7, 2021. An application (I.A. No. 1952/2021) was filed on August 24, 2021, for withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code, 2016, by the IRP before the Adjudicating Authority along with Form-FA. The withdrawal application was listed on September 6, 2021, but
…The Corporate Debtor was admitted into Insolvency, and a public announcement was made on August 7, 2021. An application (I.A. No. 1952/2021) was filed on August 24, 2021, for withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code, 2016, by the IRP before the Adjudicating Authority along with Form-FA. The withdrawal application was listed on September 6, 2021, but could not be heard due to a lack of time. The CoC was constituted on September 24, 2021, and its first meeting was held on September 29, 2021. The Adjudicating Authority dismissed the application and directed the IRP to get withdrawal of CIRP approved from the Committee of Creditors (CoC). The appellant is aggrieved by this order. The appellant's counsel argued that since the
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Corporate Debtor was…
Application being I.A. No. 1952/2021 was filed…
The appeal was filed against the order dated September 30, 2021, passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench, Court-IV) in IA-1952/2021 in CP(IB)-3221(MB)/2019. The Adjudicating Authority dismissed the application and directed the IRP to get withdrawal of CIRP approved from the Committee of Creditors (CoC). The appellant is aggrieved by this order. The Corporate Debtor was admitted into Insolvency, and a public announcement was made on August 7, 2021. An application (I.A. No. 1952/2021) was filed on August 24, 2021, for withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code, 2016, by the IRP before the Adjudicating Authority along with Form-FA. The withdrawal application was listed on September 6, 2021, but
…The Corporate Debtor was admitted into Insolvency, and a public announcement was made on August 7, 2021. An application (I.A. No. 1952/2021) was filed on August 24, 2021, for withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code, 2016, by the IRP before the Adjudicating Authority along with Form-FA. The withdrawal application was listed on September 6, 2021, but could not be heard due to a lack of time. The CoC was constituted on September 24, 2021, and its first meeting was held on September 29, 2021. The Adjudicating Authority dismissed the application and directed the IRP to get withdrawal of CIRP approved from the Committee of Creditors (CoC). The appellant is aggrieved by this order. The appellant's counsel argued that since the
…Corporate Debtor was…
Application being I.A. No. 1952/2021 was filed…