The case involves an application for the withdrawal of a main petition CP(IB) No. 347/Chd/Pb/2019 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application seeks to set aside the admission order dated 22.12.2021, which was passed based on a settlement reached between the parties before the constitution of the Committee of Creditors of the corporate debtor, Alaska Fabtech Pvt. Ltd. The Interim Resolution Professional (IRP) stated that he had not received any claims from other creditors and that the CIRP cost incurred till date amounted to Rs. 2,73,000, out of which Rs. 20,000 had already been received.
R. K. Satyam Dyes & Chemicals, the operational creditor, filed CP(IB) No. 347/Chd/Pb/2019 against Alaska Fabtech Pvt. Ltd., the corporate debtor, under Section 9 of the IBC, 2016. An admission order was passed on 2021-12-22. Subsequently, the parties reached a settlement before the constitution of the Committee of Creditors. An application was filed to withdraw the main petition and set aside the admission order. The Interim Resolution Professional (IRP) stated that no claims had been received from other creditors and that the CIRP cost incurred till date was Rs. 2,73,000, out of which Rs. 20,000 had already been received. The petitioner's counsel undertook to deposit the remaining amount of Rs. 2.53 lacs to the IRP's account. The NCLAT judgment in Anuj Tejpal's
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CP(IB) No. 347/Chd/Pb/20…
Admission orde…
The case involves an application for the withdrawal of a main petition CP(IB) No. 347/Chd/Pb/2019 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application seeks to set aside the admission order dated 22.12.2021, which was passed based on a settlement reached between the parties before the constitution of the Committee of Creditors of the corporate debtor, Alaska Fabtech Pvt. Ltd. The Interim Resolution Professional (IRP) stated that he had not received any claims from other creditors and that the CIRP cost incurred till date amounted to Rs. 2,73,000, out of which Rs. 20,000 had already been received.
R. K. Satyam Dyes & Chemicals, the operational creditor, filed CP(IB) No. 347/Chd/Pb/2019 against Alaska Fabtech Pvt. Ltd., the corporate debtor, under Section 9 of the IBC, 2016. An admission order was passed on 2021-12-22. Subsequently, the parties reached a settlement before the constitution of the Committee of Creditors. An application was filed to withdraw the main petition and set aside the admission order. The Interim Resolution Professional (IRP) stated that no claims had been received from other creditors and that the CIRP cost incurred till date was Rs. 2,73,000, out of which Rs. 20,000 had already been received. The petitioner's counsel undertook to deposit the remaining amount of Rs. 2.53 lacs to the IRP's account. The NCLAT judgment in Anuj Tejpal's
…CP(IB) No. 347/Chd/Pb/20…
Admission orde…