The case pertains to an application filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the company petition. The application was filed within two days of the admission of the company petition. Additionally, there was a submission regarding the remuneration/expenses of the IRP (Interim Resolution Professional), Mr. Brahm Dutt Verma, incurred during the CIRP (Corporate Insolvency Resolution Process).
Blue Star Limited filed a petition against AM Cool Consultants & Engineers. An application (IA-2084/2020) was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, to withdraw the company petition within two days of its admission. The IRP, Mr. Brahm Dutt Verma, sought remuneration/expenses for the CIRP. The corporate debtor's counsel agreed to pay Rs. 70,000 to the IRP by 11.06.2020, which was acceptable to the IRP. This agreement on remuneration facilitated the withdrawal of the petition.
Sign in to view the parties.
IA-2084/2020 filed under Section 12A within…
Corporate Debtor…
The case pertains to an application filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the company petition. The application was filed within two days of the admission of the company petition. Additionally, there was a submission regarding the remuneration/expenses of the IRP (Interim Resolution Professional), Mr. Brahm Dutt Verma, incurred during the CIRP (Corporate Insolvency Resolution Process).
Blue Star Limited filed a petition against AM Cool Consultants & Engineers. An application (IA-2084/2020) was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, to withdraw the company petition within two days of its admission. The IRP, Mr. Brahm Dutt Verma, sought remuneration/expenses for the CIRP. The corporate debtor's counsel agreed to pay Rs. 70,000 to the IRP by 11.06.2020, which was acceptable to the IRP. This agreement on remuneration facilitated the withdrawal of the petition.
IA-2084/2020 filed under Section 12A within…
Corporate Debtor…