The case pertains to CA No. 57/2018, filed under Section 12A of the Insolvency & Bankruptcy Code. An IRP was appointed and later confirmed as RP by the COC. The corporate debtor entered into a settlement agreement dated 11.08.2018. The RP stated that all requirements under the Code and Regulation 30(a) were met. The COC, consisting of ICICI Bank and Deewan Housing Finance Private Limited, approved the withdrawal of the CIRP proceedings.
Jindal Diamonds Pvt. Ltd. filed an application against Aarush Gems Pvt. Ltd. under Section 9 of the IBC, 2016. An IRP was appointed and confirmed as RP by the COC. The corporate debtor, Aarush Gems Pvt. Ltd., entered into a settlement agreement dated 2018-08-11 with the applicant. The COC, consisting of ICICI Bank (63% voting share) and Deewan Housing Finance Private Limited (37% voting share), approved the withdrawal of the CIRP. The RP stated that all dues were paid. The application for withdrawal was filed under Section 12A of the IBC. The authorized representative of the corporate debtor was present during the proceedings.
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The corporate debtor…
IRP was confirm…
The case pertains to CA No. 57/2018, filed under Section 12A of the Insolvency & Bankruptcy Code. An IRP was appointed and later confirmed as RP by the COC. The corporate debtor entered into a settlement agreement dated 11.08.2018. The RP stated that all requirements under the Code and Regulation 30(a) were met. The COC, consisting of ICICI Bank and Deewan Housing Finance Private Limited, approved the withdrawal of the CIRP proceedings.
Jindal Diamonds Pvt. Ltd. filed an application against Aarush Gems Pvt. Ltd. under Section 9 of the IBC, 2016. An IRP was appointed and confirmed as RP by the COC. The corporate debtor, Aarush Gems Pvt. Ltd., entered into a settlement agreement dated 2018-08-11 with the applicant. The COC, consisting of ICICI Bank (63% voting share) and Deewan Housing Finance Private Limited (37% voting share), approved the withdrawal of the CIRP. The RP stated that all dues were paid. The application for withdrawal was filed under Section 12A of the IBC. The authorized representative of the corporate debtor was present during the proceedings.
The corporate debtor…
IRP was confirm…