The case involves Siti Networks Ltd. as the applicant/petitioner and Bhoomika Media Initiative Pvt. Ltd. as the respondent. Siti Networks initiated a Corporate Insolvency Resolution Process (CIRP) against Bhoomika Media. The petition was admitted on 05.08.2019, and an Interim Resolution Professional (IRP) was appointed.
Siti Networks Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Bhoomika Media Initiative Pvt. Ltd. under Section 9 of the IBC, 2016. The CIRP was admitted on 05.08.2019, and an Interim Resolution Professional (IRP) was appointed. Subsequently, Bhoomika Media paid the full claim amount to Siti Networks. As a result, Siti Networks filed IA No. 257/JPR/2019 seeking withdrawal of the CIRP. The court verified that all claims were settled and allowed the withdrawal, effectively terminating the CIRP.
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The case involves Siti Networks Ltd. as the applicant/petitioner and Bhoomika Media Initiative Pvt. Ltd. as the respondent. Siti Networks initiated a Corporate Insolvency Resolution Process (CIRP) against Bhoomika Media. The petition was admitted on 05.08.2019, and an Interim Resolution Professional (IRP) was appointed.
Siti Networks Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Bhoomika Media Initiative Pvt. Ltd. under Section 9 of the IBC, 2016. The CIRP was admitted on 05.08.2019, and an Interim Resolution Professional (IRP) was appointed. Subsequently, Bhoomika Media paid the full claim amount to Siti Networks. As a result, Siti Networks filed IA No. 257/JPR/2019 seeking withdrawal of the CIRP. The court verified that all claims were settled and allowed the withdrawal, effectively terminating the CIRP.
The Company Petition…
Order delive…
Sign in to view related legal provisions.