The case involves a joint application filed under Rule 11 of the NCLT Rules, 2016 by the Interim Resolution Professional (IRP) for the withdrawal of the order of Admission intimating Corporate Insolvency Resolution Process (CIRP). The initial order was dated 20.12.2018, revised on 07.01.2019, and received by the IRP on 09.01.2019. The Committee of Creditors (COC) had not yet been constituted.
RMC Ready Mis India filed a petition against AVJ Developers (India) Pvt. Ltd. under Section 9 of the IBC, 2016, initiating Corporate Insolvency Resolution Process (CIRP). An order was passed on 20.12.2018, revised on 07.01.2019. The Interim Resolution Professional (IRP) filed a joint application for withdrawal of the order of admission, as a settlement was reached between the Operational Creditor (RMC Ready Mis India) and the Corporate Debtor (AVJ Developers). The Committee of Creditors (COC) had not been constituted. The Corporate Debtor paid the IRP's fees and reimbursed all costs. The IRP received the order on 09.01.2019.
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Order intimating…
The initial or…
The case involves a joint application filed under Rule 11 of the NCLT Rules, 2016 by the Interim Resolution Professional (IRP) for the withdrawal of the order of Admission intimating Corporate Insolvency Resolution Process (CIRP). The initial order was dated 20.12.2018, revised on 07.01.2019, and received by the IRP on 09.01.2019. The Committee of Creditors (COC) had not yet been constituted.
RMC Ready Mis India filed a petition against AVJ Developers (India) Pvt. Ltd. under Section 9 of the IBC, 2016, initiating Corporate Insolvency Resolution Process (CIRP). An order was passed on 20.12.2018, revised on 07.01.2019. The Interim Resolution Professional (IRP) filed a joint application for withdrawal of the order of admission, as a settlement was reached between the Operational Creditor (RMC Ready Mis India) and the Corporate Debtor (AVJ Developers). The Committee of Creditors (COC) had not been constituted. The Corporate Debtor paid the IRP's fees and reimbursed all costs. The IRP received the order on 09.01.2019.
Order intimating…
The initial or…