M/s. Agrawal Infracab Pvt. Ltd., an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Lanarsy Infra Ltd. under Section 9 of the IBC, 2016, leading to the Corporate Debtor's admission to CIRP on May 19, 2026. The suspended director, Ms. Bayyavarapu Padmja, challenged this order before the NCLAT, Chennai. During the appeal, a settlement was reached between the parties, prompting the Interim Resolution Professional (IRP) to file an application under Section 12A of the IBC for withdrawal of the CIRP.
M/s. Agrawal Infracab Pvt. Ltd. filed a petition under Section 9 of IBC, 2016 against M/s. Lanarsy Infra Ltd.
The Corporate Debtor, M/s. Lanarsy Infra Ltd., was admitted to CIRP vide Order dated 19.05.2026.
Ms. Bayyavarapu Padmja, Suspended Director of the Corporate Debtor, challenged the CIRP admission order before Hon'ble NCLAT, Chennai by filing Company Appeal (AT) (CH) (Ins.) No.278/2026.
On 09.06.2026, a memo was filed before NCLAT regarding a full and final settlement having already been executed by the parties.
The NCLAT directed the parties to consider the contentions of payment of amount and other dues under the settlement in a CoC meeting before giving it finality.
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Corporate Debtor (M/s. Lanarsy Infra Ltd.)…
IRP issued a public…
M/s. Agrawal Infracab Pvt. Ltd., an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Lanarsy Infra Ltd. under Section 9 of the IBC, 2016, leading to the Corporate Debtor's admission to CIRP on May 19, 2026. The suspended director, Ms. Bayyavarapu Padmja, challenged this order before the NCLAT, Chennai. During the appeal, a settlement was reached between the parties, prompting the Interim Resolution Professional (IRP) to file an application under Section 12A of the IBC for withdrawal of the CIRP.
M/s. Agrawal Infracab Pvt. Ltd. filed a petition under Section 9 of IBC, 2016 against M/s. Lanarsy Infra Ltd.
The Corporate Debtor, M/s. Lanarsy Infra Ltd., was admitted to CIRP vide Order dated 19.05.2026.
Ms. Bayyavarapu Padmja, Suspended Director of the Corporate Debtor, challenged the CIRP admission order before Hon'ble NCLAT, Chennai by filing Company Appeal (AT) (CH) (Ins.) No.278/2026.
On 09.06.2026, a memo was filed before NCLAT regarding a full and final settlement having already been executed by the parties.
The NCLAT directed the parties to consider the contentions of payment of amount and other dues under the settlement in a CoC meeting before giving it finality.
…Corporate Debtor (M/s. Lanarsy Infra Ltd.)…
IRP issued a public…