The case involves an application filed by the Interim Resolution Professional (IRP) under Section 12A seeking withdrawal of IB-2135/ND/2019. The order initiating Corporate Insolvency Resolution Process (CIRP) was passed on May 5, 2021. The parties have amicably settled the matter, with payment made to the applicant and deposited in an escrow account. The applicant submitted Form 'FA' as consent for the application to the IRP. The Committee of Creditors (CoC) has not been formed, and no claims have been received or public notice issued. The IRP confirms that all charges have been paid and nothing is due. The assets and documents of the Corporate Debtor have not been taken over by the IRP.
M/s A2 Interiors Products Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Ahluwalia Contracts India Ltd. An order initiating CIRP was passed on May 5, 2021. An Interim Resolution Professional (IRP), Mr. Satish Chugh, was appointed. Subsequently, the IRP filed an application under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the CIRP. The reason for the withdrawal was an amicable settlement between the parties, with payment made to the applicant and deposited in an escrow account. The applicant submitted Form 'FA' as consent for the application to the IRP. The Committee of Creditors (CoC) had not been formed, and no public notice had been issued. The IRP confirmed that all charges had been paid and
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Order initiating…
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The case involves an application filed by the Interim Resolution Professional (IRP) under Section 12A seeking withdrawal of IB-2135/ND/2019. The order initiating Corporate Insolvency Resolution Process (CIRP) was passed on May 5, 2021. The parties have amicably settled the matter, with payment made to the applicant and deposited in an escrow account. The applicant submitted Form 'FA' as consent for the application to the IRP. The Committee of Creditors (CoC) has not been formed, and no claims have been received or public notice issued. The IRP confirms that all charges have been paid and nothing is due. The assets and documents of the Corporate Debtor have not been taken over by the IRP.
M/s A2 Interiors Products Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Ahluwalia Contracts India Ltd. An order initiating CIRP was passed on May 5, 2021. An Interim Resolution Professional (IRP), Mr. Satish Chugh, was appointed. Subsequently, the IRP filed an application under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the CIRP. The reason for the withdrawal was an amicable settlement between the parties, with payment made to the applicant and deposited in an escrow account. The applicant submitted Form 'FA' as consent for the application to the IRP. The Committee of Creditors (CoC) had not been formed, and no public notice had been issued. The IRP confirmed that all charges had been paid and
…Order initiating…
Order delivered on…