The case involves a settlement between the operational creditor and the corporate debtor. The applicant/operational creditor filed Form-FA with the IRP. The IRP moved an application under Section 12A for withdrawal of the company petition.
A settlement was reached between the operational creditor and the corporate debtor. The applicant/operational creditor filed Form-FA with the IRP. The IRP filed an application under Section 12A for withdrawal of the company petition. The corporate debtor's directors agreed to pay the IRP's remuneration. Consequently, the application was allowed, and the main company petition was dismissed as withdrawn.
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Order delive…
The case involves a settlement between the operational creditor and the corporate debtor. The applicant/operational creditor filed Form-FA with the IRP. The IRP moved an application under Section 12A for withdrawal of the company petition.
A settlement was reached between the operational creditor and the corporate debtor. The applicant/operational creditor filed Form-FA with the IRP. The IRP filed an application under Section 12A for withdrawal of the company petition. The corporate debtor's directors agreed to pay the IRP's remuneration. Consequently, the application was allowed, and the main company petition was dismissed as withdrawn.
Order delive…