This is a Miscellaneous Application (MA 3472/2019) filed under section 12A of the Insolvency & Bankruptcy Code, 2016 (IBC) by the Interim Resolution Professional (IRP), Sandeep Jawaharlal Singhal, for withdrawal of the Company Petition [CP(IB)-2204/MB/2019] filed under section 9 of the IBC 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 Corporate Debtor's counsel requested the Bench to consider the matter urgently, even though the MA was not listed for the day.
Mayur Wovens Private Limited, an Operational Creditor, filed a Company Petition [CP(IB)-2204/MB/2019] under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Audax Protective Fabrics Private Limited for initiating CIRP. Sandeep Jawaharlal Singhal was appointed as the Interim Resolution Professional (IRP) vide order dated 22.10.2019. The IRP filed a Miscellaneous Application (MA 3472/2019) under Section 12A of the IBC for withdrawal of the Company Petition. The Operational Creditor received a payment of Rs.7,63,821/- by RTGS on 24.10.2019. The Corporate Debtor has 850 direct and indirect employees. The IRP took charge on 22.10.2019 and issued a public advertisement on 25.10.2019. The present MA u/s 12A for withdrawal of the CIRP has been filed within
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Sandeep Jawaharlal…
IRP took charg…
This is a Miscellaneous Application (MA 3472/2019) filed under section 12A of the Insolvency & Bankruptcy Code, 2016 (IBC) by the Interim Resolution Professional (IRP), Sandeep Jawaharlal Singhal, for withdrawal of the Company Petition [CP(IB)-2204/MB/2019] filed under section 9 of the IBC 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 Corporate Debtor's counsel requested the Bench to consider the matter urgently, even though the MA was not listed for the day.
Mayur Wovens Private Limited, an Operational Creditor, filed a Company Petition [CP(IB)-2204/MB/2019] under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Audax Protective Fabrics Private Limited for initiating CIRP. Sandeep Jawaharlal Singhal was appointed as the Interim Resolution Professional (IRP) vide order dated 22.10.2019. The IRP filed a Miscellaneous Application (MA 3472/2019) under Section 12A of the IBC for withdrawal of the Company Petition. The Operational Creditor received a payment of Rs.7,63,821/- by RTGS on 24.10.2019. The Corporate Debtor has 850 direct and indirect employees. The IRP took charge on 22.10.2019 and issued a public advertisement on 25.10.2019. The present MA u/s 12A for withdrawal of the CIRP has been filed within
…Sandeep Jawaharlal…
IRP took charg…