The case involves a Miscellaneous Application (MA 025/2019 in CP-1422/2017) filed under Section 12A, submitted on January 1, 2019. The Resolution Professional (RP) stated that the Committee of Creditors (CoC) approved the withdrawal of the petition with a 90% vote share. Form-FA for withdrawal was also placed on record.
A Miscellaneous Application (MA 025/2019 in CP-1422/2017) under Section 12A was submitted on January 1, 2019. The Resolution Professional (RP) stated that the Committee of Creditors (CoC) approved the withdrawal of the Petition by a 90% vote share. Form-FA for withdrawal was placed on record. The RP also stated that Regulation 30A(5) of CIRP Regulations had been completed. The key fact is the CoC's approval for withdrawal, indicating a potential settlement or resolution outside the formal insolvency process. The completion of regulatory requirements for withdrawal is also a relevant fact.
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Miscellan…
Order issued disposing…
The case involves a Miscellaneous Application (MA 025/2019 in CP-1422/2017) filed under Section 12A, submitted on January 1, 2019. The Resolution Professional (RP) stated that the Committee of Creditors (CoC) approved the withdrawal of the petition with a 90% vote share. Form-FA for withdrawal was also placed on record.
A Miscellaneous Application (MA 025/2019 in CP-1422/2017) under Section 12A was submitted on January 1, 2019. The Resolution Professional (RP) stated that the Committee of Creditors (CoC) approved the withdrawal of the Petition by a 90% vote share. Form-FA for withdrawal was placed on record. The RP also stated that Regulation 30A(5) of CIRP Regulations had been completed. The key fact is the CoC's approval for withdrawal, indicating a potential settlement or resolution outside the formal insolvency process. The completion of regulatory requirements for withdrawal is also a relevant fact.
Miscellan…
Order issued disposing…