The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) filed by the original Operational Creditor. The Interim Resolution Professional (IRP) had not taken any steps in the CIRP. The applicant sought to withdraw IA 26 of 2021.
Salem Stainless Steel Suppliers Pvt Ltd filed an application under Section 9 of the IBC against Cooltech Containers Pvt Ltd. IA 26 of 2021 was filed by the original Operational Creditor for withdrawal of the CIRP. The IRP had not taken any steps in the CIRP. There was no settlement between the parties. The court replaced the existing IRP with Mr. Rajubhai Patel.
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The order was delivered on July 13, 2021,…
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The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) filed by the original Operational Creditor. The Interim Resolution Professional (IRP) had not taken any steps in the CIRP. The applicant sought to withdraw IA 26 of 2021.
Salem Stainless Steel Suppliers Pvt Ltd filed an application under Section 9 of the IBC against Cooltech Containers Pvt Ltd. IA 26 of 2021 was filed by the original Operational Creditor for withdrawal of the CIRP. The IRP had not taken any steps in the CIRP. There was no settlement between the parties. The court replaced the existing IRP with Mr. Rajubhai Patel.
The order was delivered on July 13, 2021,…
Sign in to view related legal provisions.