The case involves an application (IA No. 216 of 2021) filed by the Interim Resolution Professional (IRP) for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) application on the grounds of settlement between the parties. The Committee of Creditors (CoC) has not been formed, and no objections to the withdrawal have been raised.
The Interim Resolution Professional (IRP) filed IA No. 216 of 2021 seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) application. The basis for the withdrawal was a settlement reached between the parties involved. Crucially, the Committee of Creditors (CoC) had not yet been formed. No party raised any objection to the proposed withdrawal. The original operational creditor was represented by Mr. Amrish Gandhi, while the Resolution Professional (RP) did not appear. The application was filed in relation to CP(IB) 471 of 2019.
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Hearing before the…
IA No. 216 of 2021 is…
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The case involves an application (IA No. 216 of 2021) filed by the Interim Resolution Professional (IRP) for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) application on the grounds of settlement between the parties. The Committee of Creditors (CoC) has not been formed, and no objections to the withdrawal have been raised.
The Interim Resolution Professional (IRP) filed IA No. 216 of 2021 seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) application. The basis for the withdrawal was a settlement reached between the parties involved. Crucially, the Committee of Creditors (CoC) had not yet been formed. No party raised any objection to the proposed withdrawal. The original operational creditor was represented by Mr. Amrish Gandhi, while the Resolution Professional (RP) did not appear. The application was filed in relation to CP(IB) 471 of 2019.
Hearing before the…
IA No. 216 of 2021 is…
Sign in to view related legal provisions.