The case involves an application filed by the Applicant/Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30-A of the Insolvency and Bankruptcy Code (Corporate Insolvency Resolution Process) Regulations, 2016, seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Bio Ethanol Agro Industries Limited. The Corporate Insolvency Resolution Process (CIRP) was admitted by the Tribunal on 26.11.2021.
Mr. Srinivas Gudla Rao, the Interim Resolution Professional (IRP) of M/s. Bio Ethanol Agro Industries Limited, filed an application (I.A No.136/2021) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the company. The Corporate Insolvency Resolution Process (CIRP) had been admitted by the Tribunal on 26.11.2021. The IRP stated that complete fees were received and Form FA was filed. The application was filed before the constitution of the committee. The Tribunal allowed the withdrawal application and dismissed the Corporate Insolvency Resolution Process (CIRP).
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The Tribunal admitted the Corporate Insolvency…
The Tribunal allowed the I.A No.136/2021,…
The case involves an application filed by the Applicant/Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30-A of the Insolvency and Bankruptcy Code (Corporate Insolvency Resolution Process) Regulations, 2016, seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Bio Ethanol Agro Industries Limited. The Corporate Insolvency Resolution Process (CIRP) was admitted by the Tribunal on 26.11.2021.
Mr. Srinivas Gudla Rao, the Interim Resolution Professional (IRP) of M/s. Bio Ethanol Agro Industries Limited, filed an application (I.A No.136/2021) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the company. The Corporate Insolvency Resolution Process (CIRP) had been admitted by the Tribunal on 26.11.2021. The IRP stated that complete fees were received and Form FA was filed. The application was filed before the constitution of the committee. The Tribunal allowed the withdrawal application and dismissed the Corporate Insolvency Resolution Process (CIRP).
The Tribunal admitted the Corporate Insolvency…
The Tribunal allowed the I.A No.136/2021,…