The case involves an application for withdrawal of insolvency proceedings under Section 12A of the IBC, based on a settlement reached between the parties. The Committee of Creditors (CoC) approved the withdrawal with 100% votes in a meeting held on December 30, 2019.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Amaresh Rice Mills Pvt. Ltd. United Bank of India is the financial creditor. An application CA(IB) 49/KB/2020 was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC) for the withdrawal of the CIRP. The basis for the withdrawal was a settlement reached between the parties involved. The Committee of Creditors (CoC) approved the resolution for withdrawal with 100% votes in its meeting held on December 30, 2019. Neither the financial creditor nor the corporate debtor appeared before the court. The IRP was also absent.
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The Committee of Creditors (CoC) approved the…
Attendance-Cum-Order…
The case involves an application for withdrawal of insolvency proceedings under Section 12A of the IBC, based on a settlement reached between the parties. The Committee of Creditors (CoC) approved the withdrawal with 100% votes in a meeting held on December 30, 2019.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Amaresh Rice Mills Pvt. Ltd. United Bank of India is the financial creditor. An application CA(IB) 49/KB/2020 was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC) for the withdrawal of the CIRP. The basis for the withdrawal was a settlement reached between the parties involved. The Committee of Creditors (CoC) approved the resolution for withdrawal with 100% votes in its meeting held on December 30, 2019. Neither the financial creditor nor the corporate debtor appeared before the court. The IRP was also absent.
The Committee of Creditors (CoC) approved the…
Attendance-Cum-Order…