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 admitted by the Adjudicating Authority on 03.02.2021, leading to the initiation of CIRP and appointment of an Interim Resolution Professional (IRP). Subsequently, the parties 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 also provided a consent letter 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. Subsequently, the Corporate Debtor and the Operational Creditor, Arihant Aluminium Corporation, reached an amicable settlement on 06.02.2021, wherein the Corporate Debtor agreed to pay the outstanding dues. In light of the settlement, Arihant Aluminium Corporation filed I.A.No.54/2021 seeking to withdraw the CIRP. The Interim Resolution Professional (IRP), Mr. Kedararam Ramratan Laddha, provided his consent for the withdrawal. The application for withdrawal was
…Sign in to view the parties.
C.P.(IB)No.22/BB/2020 was filed by 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 admitted by the Adjudicating Authority on 03.02.2021, leading to the initiation of CIRP and appointment of an Interim Resolution Professional (IRP). Subsequently, the parties 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 also provided a consent letter 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. Subsequently, the Corporate Debtor and the Operational Creditor, Arihant Aluminium Corporation, reached an amicable settlement on 06.02.2021, wherein the Corporate Debtor agreed to pay the outstanding dues. In light of the settlement, Arihant Aluminium Corporation filed I.A.No.54/2021 seeking to withdraw the CIRP. The Interim Resolution Professional (IRP), Mr. Kedararam Ramratan Laddha, provided his consent for the withdrawal. The application for withdrawal was
…C.P.(IB)No.22/BB/2020 was filed by Arihant…
The Adjudicating Authority admitted…