The petitioner filed CA-1411/19 seeking withdrawal of the Corporate Insolvency Resolution (CIR) proceedings. The CIR process was initiated on 2019-10-16. The IRP published invitations for claims in 'Financial Express' and 'Jansatta' on 2019-10-19. The last date for submitting claims was 2019-10-30. No claims were received against the Corporate Debtor by this date, and consequently, no Committee of Creditors (CoC) was formed. The IRP confirmed this in court. The petitioner's claim has been fully settled. The court considered the directions of the Hon'ble Apex Court in Swiss Ribbon Pvt. Ltd. Vs. Union of India, WP(Civil) No. 99/2018, which allows for termination of CIR process when a compromise is reached before the CoC is formed. This is relevant because it provides the

The petitioner filed CA-1411/19 seeking withdrawal of the Corporate Insolvency Resolution (CIR) proceedings. The CIR process was initiated on 2019-10-16. The IRP published invitations for claims in 'Financial Express' and 'Jansatta' on 2019-10-19. The last date for submitting claims was 2019-10-30. No claims were received against the Corporate Debtor by this date, and consequently, no Committee of Creditors (CoC) was formed. The IRP confirmed this in court. The petitioner's claim has been fully settled. The court considered the directions of the Hon'ble Apex Court in Swiss Ribbon Pvt. Ltd. Vs. Union of India, WP(Civil) No. 99/2018, which allows for termination of CIR process when a compromise is reached before the CoC is formed. This is relevant because it provides the