The case involves a Miscellaneous Application (MA 3472/2019) filed in CP(IB)-2204/MB-IV/2019 under Section 12A of the Insolvency & Bankruptcy Code, 2016, by Sandeep Jawaharlal Singhal, the Interim Resolution Professional (IRP) of Audax Protective Fabrics Private Limited. The application seeks withdrawal of the Company Petition filed by Mayur Wovens Private Limited against Audax Protective Fabrics Private Limited for initiating Corporate Insolvency Resolution Process (CIRP). The IRP was appointed vide order dated 22.10.2019. The Operational Creditor received a payment of Rs. 7,63,821/- by RTGS on 24.10.2019.
Mayur Wovens Private Limited filed a company petition against Audax Protective Fabrics Private Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate CIRP. Sandeep Jawaharlal Singhal was appointed as the Interim Resolution Professional (IRP). The Adjudicating Authority ordered the initiation of CIRP on 22.10.2019. Subsequently, the Operational Creditor, Mayur Wovens Private Limited, received a payment of Rs. 7,63,821/- from Audax Protective Fabrics Private Limited on 24.10.2019. Sandeep Jawaharlal Singhal, the IRP, then filed a Miscellaneous Application (MA 3472/2019) under Section 12A of the IBC seeking withdrawal of the company petition. The Corporate Debtor has 850 employees. The IRP took charge on 22.10.2019 and issued a public
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The Adjudicating Authority ordered the…
Sandeep Jawaharlal Singhal, the IRP, took…
The case involves a Miscellaneous Application (MA 3472/2019) filed in CP(IB)-2204/MB-IV/2019 under Section 12A of the Insolvency & Bankruptcy Code, 2016, by Sandeep Jawaharlal Singhal, the Interim Resolution Professional (IRP) of Audax Protective Fabrics Private Limited. The application seeks withdrawal of the Company Petition filed by Mayur Wovens Private Limited against Audax Protective Fabrics Private Limited for initiating Corporate Insolvency Resolution Process (CIRP). The IRP was appointed vide order dated 22.10.2019. The Operational Creditor received a payment of Rs. 7,63,821/- by RTGS on 24.10.2019.
Mayur Wovens Private Limited filed a company petition against Audax Protective Fabrics Private Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate CIRP. Sandeep Jawaharlal Singhal was appointed as the Interim Resolution Professional (IRP). The Adjudicating Authority ordered the initiation of CIRP on 22.10.2019. Subsequently, the Operational Creditor, Mayur Wovens Private Limited, received a payment of Rs. 7,63,821/- from Audax Protective Fabrics Private Limited on 24.10.2019. Sandeep Jawaharlal Singhal, the IRP, then filed a Miscellaneous Application (MA 3472/2019) under Section 12A of the IBC seeking withdrawal of the company petition. The Corporate Debtor has 850 employees. The IRP took charge on 22.10.2019 and issued a public
…The Adjudicating Authority ordered the…
Sandeep Jawaharlal Singhal, the IRP, took…