The case involves an application for withdrawal of the main insolvency application under Section 12A of the IBC, following a settlement between the operational creditor and the corporate debtor, which was approved by the Committee of Creditors.
Suresh Kumar Khandelwal, Sole Proprietor of G.S. Alloys & Steels, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ajay Protech Pvt Ltd. This application initiated insolvency proceedings against the corporate debtor. Subsequently, several interim applications (IAs) were filed by the Interim Resolution Professional (IRP) during the course of the proceedings.
…The NCLT delivered the order disposing of the…
The settlement agreement between the…
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The case involves an application for withdrawal of the main insolvency application under Section 12A of the IBC, following a settlement between the operational creditor and the corporate debtor, which was approved by the Committee of Creditors.
Suresh Kumar Khandelwal, Sole Proprietor of G.S. Alloys & Steels, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Ajay Protech Pvt Ltd. This application initiated insolvency proceedings against the corporate debtor. Subsequently, several interim applications (IAs) were filed by the Interim Resolution Professional (IRP) during the course of the proceedings.
…The NCLT delivered the order disposing of the…
The settlement agreement between the…
Sign in to view related legal provisions.