The case involves an application (I.A. No. 124/2021) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Cryptograph Technologies Pvt. Ltd. The CIRP was initiated based on a petition (C.P.(IB)No.177/BB/2020) filed by the Operational Creditor, M/s. Allegis Services (India) Pvt. Ltd., under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the petition and appointed Mr. Surender Devasani as the Interim Resolution Professional (IRP). Subsequently, the Operational Creditor and the Corporate Debtor reached a settlement, leading to the filing of I.A. No. 124/2021 seeking withdrawal of the CIRP under Section 12A of the IBC, read with Regulation 30A of the IBBI (Insolvency Resolution
…M/s. Allegis Services (India) Pvt. Ltd. initiated CIRP against M/s. Cryptograph Technologies Pvt. Ltd. by filing C.P.(IB)No.177/BB/2020 under Section 9 of the IBC. The Adjudicating Authority admitted the petition on 2021-03-04, appointing Mr. Surender Devasani as the IRP and imposing a moratorium. Subsequently, the Operational Creditor and the Corporate Debtor entered into a Settlement Agreement dated 2021-04-03. The Operational Creditor then filed Form FA to withdraw the petition. The IRP received the Form FA on 2021-04-06 and submitted a compliance report dated 2021-04-07. The IRP also confirmed receipt of Rs. 1,17,000/- towards the total cost of CIRP. The application for withdrawal, I.A. No. 124/2021, was filed under Section 12A of the IBC, read with Regulation 30A
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M/s. Allegis Services (India) Pvt. Ltd. filed…
The Adjudicating Authority admitted the…
The case involves an application (I.A. No. 124/2021) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Cryptograph Technologies Pvt. Ltd. The CIRP was initiated based on a petition (C.P.(IB)No.177/BB/2020) filed by the Operational Creditor, M/s. Allegis Services (India) Pvt. Ltd., under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the petition and appointed Mr. Surender Devasani as the Interim Resolution Professional (IRP). Subsequently, the Operational Creditor and the Corporate Debtor reached a settlement, leading to the filing of I.A. No. 124/2021 seeking withdrawal of the CIRP under Section 12A of the IBC, read with Regulation 30A of the IBBI (Insolvency Resolution
…M/s. Allegis Services (India) Pvt. Ltd. initiated CIRP against M/s. Cryptograph Technologies Pvt. Ltd. by filing C.P.(IB)No.177/BB/2020 under Section 9 of the IBC. The Adjudicating Authority admitted the petition on 2021-03-04, appointing Mr. Surender Devasani as the IRP and imposing a moratorium. Subsequently, the Operational Creditor and the Corporate Debtor entered into a Settlement Agreement dated 2021-04-03. The Operational Creditor then filed Form FA to withdraw the petition. The IRP received the Form FA on 2021-04-06 and submitted a compliance report dated 2021-04-07. The IRP also confirmed receipt of Rs. 1,17,000/- towards the total cost of CIRP. The application for withdrawal, I.A. No. 124/2021, was filed under Section 12A of the IBC, read with Regulation 30A
…M/s. Allegis Services (India) Pvt. Ltd. filed…
The Adjudicating Authority admitted the…