The case involves an application filed by the Resolution Professional under Section 12A of the IBC, 2016, seeking withdrawal of the main company petition bearing no. 1859/2019. The Counsel appearing for the RP filed an additional affidavit bringing on record the details of payment made by the corporate debtor by entering into the consent terms.
The Resolution Professional filed an application under Section 12A of the IBC, 2016, seeking withdrawal of the main company petition bearing no. 1859/2019. The application was supported by an additional affidavit filed by the RP's counsel, which contained details of payment made by the corporate debtor. The payment was made by entering into consent terms. The court considered the affidavit and the consent terms before allowing the withdrawal of the company petition. The key fact is the payment made by the corporate debtor, which led to the consent terms and the subsequent application for withdrawal.
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Order sheet of the…
Main company p…
The case involves an application filed by the Resolution Professional under Section 12A of the IBC, 2016, seeking withdrawal of the main company petition bearing no. 1859/2019. The Counsel appearing for the RP filed an additional affidavit bringing on record the details of payment made by the corporate debtor by entering into the consent terms.
The Resolution Professional filed an application under Section 12A of the IBC, 2016, seeking withdrawal of the main company petition bearing no. 1859/2019. The application was supported by an additional affidavit filed by the RP's counsel, which contained details of payment made by the corporate debtor. The payment was made by entering into consent terms. The court considered the affidavit and the consent terms before allowing the withdrawal of the company petition. The key fact is the payment made by the corporate debtor, which led to the consent terms and the subsequent application for withdrawal.
Order sheet of the…
Main company p…