This is a Miscellaneous Application (MA 3472/2019) filed in CP(IB)-2204/MB-IV/2019 under section 12A of the Insolvency & Bankruptcy Code, 2016 (IBC) by Sandeep Jawaharlal Singhal, the Interim Resolution Professional (IRP) appointed vide order dated 22.10.2019, for withdrawal of the Company Petition filed under section 9 of the IBC by Mayur Wovens Private Limited against Audax Protective Fabrics Private Limited for initiating CIRP. The Operational Creditor sought to withdraw the Company Petition No. 2204/2019 and recall the CIRP ordered in Audax Protective Fabrics Pvt. Ltd. vide order dated 22.10.2019.
Mayur Wovens Private Limited, an Operational Creditor, filed a Company Petition (CP(IB)-2204/MB-IV/2019) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Audax Protective Fabrics Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP), Sandeep Jawaharlal Singhal, was appointed on 22.10.2019. Subsequently, the Operational Creditor filed a Miscellaneous Application (MA 3472/2019) under Section 12A of the IBC to withdraw the Company Petition. The IRP had taken charge and issued a public advertisement. The Operational Creditor received a payment of Rs.7,63,821/- by RTGS on 24.10.2019. The Corporate Debtor has 850 employees. The Corporate Debtor was ordered to pay Rs. 2.0 lakhs to
…Sign in to view the parties.
Order appointing…
Operational Creditor…
This is a Miscellaneous Application (MA 3472/2019) filed in CP(IB)-2204/MB-IV/2019 under section 12A of the Insolvency & Bankruptcy Code, 2016 (IBC) by Sandeep Jawaharlal Singhal, the Interim Resolution Professional (IRP) appointed vide order dated 22.10.2019, for withdrawal of the Company Petition filed under section 9 of the IBC by Mayur Wovens Private Limited against Audax Protective Fabrics Private Limited for initiating CIRP. The Operational Creditor sought to withdraw the Company Petition No. 2204/2019 and recall the CIRP ordered in Audax Protective Fabrics Pvt. Ltd. vide order dated 22.10.2019.
Mayur Wovens Private Limited, an Operational Creditor, filed a Company Petition (CP(IB)-2204/MB-IV/2019) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Audax Protective Fabrics Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP), Sandeep Jawaharlal Singhal, was appointed on 22.10.2019. Subsequently, the Operational Creditor filed a Miscellaneous Application (MA 3472/2019) under Section 12A of the IBC to withdraw the Company Petition. The IRP had taken charge and issued a public advertisement. The Operational Creditor received a payment of Rs.7,63,821/- by RTGS on 24.10.2019. The Corporate Debtor has 850 employees. The Corporate Debtor was ordered to pay Rs. 2.0 lakhs to
…Order appointing…
Operational Creditor…