The case involves an application filed by the Interim Resolution Professional (IRP), Mr. Rajesh Shah, under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of a Corporate Insolvency Resolution Process (CIRP) initiated against Bhor Engineering Private Limited. The CIRP was initiated based on a petition under C.P. No. 553 of 2019. The IRP had issued an advertisement inviting claims from creditors, with the last date for receipt of claims being 30.10.2019. However, no claims were received, and consequently, a Committee of Creditors (COC) was not constituted.
An application was filed by Interim Resolution Professional Mr. Rajesh Shah under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of C.P. No. 553 of 2019. The Corporate Insolvency Resolution Process (CIRP) was initiated against Bhor Engineering Private Limited. The IRP issued an advertisement inviting claims from creditors, setting the last date for receipt of claims as 30.10.2019. No claims were received, and therefore, a Committee of Creditors (COC) was not constituted. The Corporate Debtor's counsel submitted that the matter had been amicably settled between the parties, and consent terms were filed, seeking withdrawal of the petition. Previously CP was admitted on 11.10.2019 and Mr. Rajesh Shah, was appointed as Interim Resolution
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The case involves an application filed by the Interim Resolution Professional (IRP), Mr. Rajesh Shah, under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of a Corporate Insolvency Resolution Process (CIRP) initiated against Bhor Engineering Private Limited. The CIRP was initiated based on a petition under C.P. No. 553 of 2019. The IRP had issued an advertisement inviting claims from creditors, with the last date for receipt of claims being 30.10.2019. However, no claims were received, and consequently, a Committee of Creditors (COC) was not constituted.
An application was filed by Interim Resolution Professional Mr. Rajesh Shah under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of C.P. No. 553 of 2019. The Corporate Insolvency Resolution Process (CIRP) was initiated against Bhor Engineering Private Limited. The IRP issued an advertisement inviting claims from creditors, setting the last date for receipt of claims as 30.10.2019. No claims were received, and therefore, a Committee of Creditors (COC) was not constituted. The Corporate Debtor's counsel submitted that the matter had been amicably settled between the parties, and consent terms were filed, seeking withdrawal of the petition. Previously CP was admitted on 11.10.2019 and Mr. Rajesh Shah, was appointed as Interim Resolution
…Corporate Peti…
Last date for receipt…