The case involves an application for withdrawal under Section 12A of the IB Code, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Committee of Creditors has not been constituted, and no claims have been received despite public announcements. The settlement was arrived at between the parties in Company petition No.(IB)-3478/ND/2019 admitted vide Order dated 23.7.2021.
Dr. Lal Pathlabs Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Aapka Urgicare (P) Ltd under Section 7 of the IBC, 2016. However, before the constitution of the Committee of Creditors (CoC) and the receipt of any claims, a settlement was reached between Dr. Lal Pathlabs Limited and Aapka Urgicare (P) Ltd. Consequently, an application was filed under Section 12A of the IB Code, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, to withdraw the CIRP. The Interim Resolution Professional (IRP) confirmed that his fees had been settled. The petition was initially admitted on 2021-07-23.
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Company pet…
Company petition…
The case involves an application for withdrawal under Section 12A of the IB Code, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Committee of Creditors has not been constituted, and no claims have been received despite public announcements. The settlement was arrived at between the parties in Company petition No.(IB)-3478/ND/2019 admitted vide Order dated 23.7.2021.
Dr. Lal Pathlabs Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Aapka Urgicare (P) Ltd under Section 7 of the IBC, 2016. However, before the constitution of the Committee of Creditors (CoC) and the receipt of any claims, a settlement was reached between Dr. Lal Pathlabs Limited and Aapka Urgicare (P) Ltd. Consequently, an application was filed under Section 12A of the IB Code, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, to withdraw the CIRP. The Interim Resolution Professional (IRP) confirmed that his fees had been settled. The petition was initially admitted on 2021-07-23.
Company pet…
Company petition…