The Interim Resolution Professional (IRP) was appointed in CP(IB) No. 1717/KB/2018. The IRP filed an application (CA(IB) No. 1067/KB/2019) on 13/08/2019 to record the settlement of the claim of the Operational Creditor. The IRP was directed to submit a progress report on 02/09/2019. The Corporate Debtor settled the claim of the Operational Creditor, leading to the application under Section 12A of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) has not been constituted. No claims were received from creditors until the application was filed after public announcement on 05/08/2019. A Demand Draft of Rs. 2,30,000/- was provided to satisfy the claim of the Resolution Professional towards CIRP costs and fees.

The Interim Resolution Professional (IRP) was appointed in CP(IB) No. 1717/KB/2018. The IRP filed an application (CA(IB) No. 1067/KB/2019) on 13/08/2019 to record the settlement of the claim of the Operational Creditor. The IRP was directed to submit a progress report on 02/09/2019. The Corporate Debtor settled the claim of the Operational Creditor, leading to the application under Section 12A of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) has not been constituted. No claims were received from creditors until the application was filed after public announcement on 05/08/2019. A Demand Draft of Rs. 2,30,000/- was provided to satisfy the claim of the Resolution Professional towards CIRP costs and fees.