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 to record the settlement of the claim of the Operational Creditor. The IRP was directed to submit a progress report. The Corporate Debtor settled the claim of the Operational Creditor, leading to the application under Section 12A of the Insolvency and Bankruptcy Code, 2016. No claims were received from other creditors until the filing of the application after public announcement on 05/08/2019. A Demand Draft of Rs. 2,30,000/- was presented, satisfying the Resolution Professional's CIRP costs and fees. The Committee of Creditors (CoC) was not constituted.

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 to record the settlement of the claim of the Operational Creditor. The IRP was directed to submit a progress report. The Corporate Debtor settled the claim of the Operational Creditor, leading to the application under Section 12A of the Insolvency and Bankruptcy Code, 2016. No claims were received from other creditors until the filing of the application after public announcement on 05/08/2019. A Demand Draft of Rs. 2,30,000/- was presented, satisfying the Resolution Professional's CIRP costs and fees. The Committee of Creditors (CoC) was not constituted.