The document pertains to IA 1243/2020 filed by the Interim Resolution Professional (IRP) invoking Section 12(A) and Regulation 30(A) of the Insolvency Resolution Process Regulation 2016. The claims of the four members of the Committee of Creditors (COC) have been settled. The resolution to terminate the resolution process was unanimously passed by the COC members in their meeting on February 12, 2020. The application for withdrawal of the Corporate Insolvency Resolution (CIR) process has been filed in Form FA. The IRP confirms that all dues have been settled.
The Interim Resolution Professional (IRP) filed IA 1243/2020 to withdraw the Corporate Insolvency Resolution (CIR) process. This action was based on the settlement of claims of the four members of the Committee of Creditors (COC). A resolution to terminate the CIR process was unanimously passed by the COC members in a meeting held on February 12, 2020. The application for withdrawal was filed in Form FA. The IRP confirmed that all dues had been settled. The court considered these submissions and allowed the application, terminating the CIR process and releasing the Corporate Debtor from the moratorium.
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The members of the COC unanimously passed a…
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The document pertains to IA 1243/2020 filed by the Interim Resolution Professional (IRP) invoking Section 12(A) and Regulation 30(A) of the Insolvency Resolution Process Regulation 2016. The claims of the four members of the Committee of Creditors (COC) have been settled. The resolution to terminate the resolution process was unanimously passed by the COC members in their meeting on February 12, 2020. The application for withdrawal of the Corporate Insolvency Resolution (CIR) process has been filed in Form FA. The IRP confirms that all dues have been settled.
The Interim Resolution Professional (IRP) filed IA 1243/2020 to withdraw the Corporate Insolvency Resolution (CIR) process. This action was based on the settlement of claims of the four members of the Committee of Creditors (COC). A resolution to terminate the CIR process was unanimously passed by the COC members in a meeting held on February 12, 2020. The application for withdrawal was filed in Form FA. The IRP confirmed that all dues had been settled. The court considered these submissions and allowed the application, terminating the CIR process and releasing the Corporate Debtor from the moratorium.
The members of the COC unanimously passed a…
Hearing before the New…
Sign in to view related legal provisions.