The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The Financial Creditor, Reliance Commercial Finance Limited, filed the application for withdrawal. The Insolvency Resolution Professional (IRP) submitted a report detailing the sequence of events after the admission of the petition. The first meeting of the Committee of Creditors (CoC) was held on 08.01.2019, where the application for withdrawal was moved. The matter has been settled between the parties.
Reliance Commercial Finance Ltd. initiated CIRP against Adtech Signages India Pvt. Ltd. An IRP was appointed and submitted a report detailing events after the CIRP initiation. The first CoC meeting occurred on 08.01.2019. Reliance Commercial Finance Ltd., the Financial Creditor, sought to withdraw the CIRP application due to a settlement with the Corporate Debtor. Reliance Commercial Finance Ltd. is the sole member of the CoC. The Financial Creditor undertook to pay the IRP fees and bear the expenditure. The admission order was made on 30.11.2018. The application for withdrawal was filed in Form FA.
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The Tribunal made the…
The first meeting of the Committee of Creditors…
The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The Financial Creditor, Reliance Commercial Finance Limited, filed the application for withdrawal. The Insolvency Resolution Professional (IRP) submitted a report detailing the sequence of events after the admission of the petition. The first meeting of the Committee of Creditors (CoC) was held on 08.01.2019, where the application for withdrawal was moved. The matter has been settled between the parties.
Reliance Commercial Finance Ltd. initiated CIRP against Adtech Signages India Pvt. Ltd. An IRP was appointed and submitted a report detailing events after the CIRP initiation. The first CoC meeting occurred on 08.01.2019. Reliance Commercial Finance Ltd., the Financial Creditor, sought to withdraw the CIRP application due to a settlement with the Corporate Debtor. Reliance Commercial Finance Ltd. is the sole member of the CoC. The Financial Creditor undertook to pay the IRP fees and bear the expenditure. The admission order was made on 30.11.2018. The application for withdrawal was filed in Form FA.
The Tribunal made the…
The first meeting of the Committee of Creditors…