Arihant Aluminium Corporation (Partnership Firm) filed I.A.No.54/2021 in C.P.(IB)No.22/BB/2020 seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The initial petition, C.P.(IB)No.22/BB/2020, was filed under Section 9 of the IBC, 2016, and was admitted on 03.02.2021, leading to the initiation of CIRP, appointment of an Interim Resolution Professional (IRP), and imposition of a moratorium. Subsequently, the Corporate Debtor and the Operational Creditor reached an amicable settlement, and the Corporate Debtor offered to pay the outstanding dues as per a Settlement Agreement dated 06.02.2021. The IRP, Mr. Kedararam Ramratan Laddha, also provided his consent for the withdrawal.
Arihant Aluminium Corporation (Partnership Firm) initiated Corporate Insolvency Resolution Process (CIRP) against a Corporate Debtor by filing C.P.(IB)No.22/BB/2020 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 03.02.2021, leading to the commencement of CIRP, appointment of an Interim Resolution Professional (IRP), and imposition of a moratorium. Subsequently, the Corporate Debtor and Arihant Aluminium Corporation reached an amicable settlement, with the Corporate Debtor agreeing to pay the outstanding dues as per a Settlement Agreement dated 06.02.2021. Arihant Aluminium Corporation then filed I.A.No.54/2021 seeking to withdraw the CIRP, supported by the consent of the IRP, Mr. Kedararam Ramratan Laddha, who provided a
…Sign in to view the parties.
C.P.(IB)No.22/BB/2020 was filed by M/s. Arihant…
The Adjudicating Authority admitted…
Arihant Aluminium Corporation (Partnership Firm) filed I.A.No.54/2021 in C.P.(IB)No.22/BB/2020 seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The initial petition, C.P.(IB)No.22/BB/2020, was filed under Section 9 of the IBC, 2016, and was admitted on 03.02.2021, leading to the initiation of CIRP, appointment of an Interim Resolution Professional (IRP), and imposition of a moratorium. Subsequently, the Corporate Debtor and the Operational Creditor reached an amicable settlement, and the Corporate Debtor offered to pay the outstanding dues as per a Settlement Agreement dated 06.02.2021. The IRP, Mr. Kedararam Ramratan Laddha, also provided his consent for the withdrawal.
Arihant Aluminium Corporation (Partnership Firm) initiated Corporate Insolvency Resolution Process (CIRP) against a Corporate Debtor by filing C.P.(IB)No.22/BB/2020 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 03.02.2021, leading to the commencement of CIRP, appointment of an Interim Resolution Professional (IRP), and imposition of a moratorium. Subsequently, the Corporate Debtor and Arihant Aluminium Corporation reached an amicable settlement, with the Corporate Debtor agreeing to pay the outstanding dues as per a Settlement Agreement dated 06.02.2021. Arihant Aluminium Corporation then filed I.A.No.54/2021 seeking to withdraw the CIRP, supported by the consent of the IRP, Mr. Kedararam Ramratan Laddha, who provided a
…C.P.(IB)No.22/BB/2020 was filed by M/s. Arihant…
The Adjudicating Authority admitted…