The case involves an insolvency petition, CP No. (IB)-1567(PB)/2018, filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application for withdrawal of the insolvency petition was initially deferred. The dues of the Interim Resolution Professional (IRP), including his fee and expenses, were not cleared as of the last date of hearing. The IRP later stated that the dues had been cleared and nothing was outstanding. The Committee of Creditors (CoC) had not been constituted.
M/s. National Products filed an insolvency petition (CP No. (IB)-1567(PB)/2018) against M/s. Delhi Control Devices Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. An application was made to withdraw the insolvency petition. Initially, the withdrawal was deferred because the dues of the Interim Resolution Professional (IRP) were not cleared. The IRP, Mr. Ashok Kumar Gupta, later stated through his counsel that the dues had been cleared and nothing was outstanding. The IRP also stated that the Committee of Creditors (CoC) had not been constituted. The court noted the Supreme Court's judgment in Civil Appeal No. 99/2019 (Swiss Ribbons Pvt. Ltd. & Anr.) regarding the withdrawal of insolvency petitions. An order dated 15.02.2019 was previously
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The case involves an insolvency petition, CP No. (IB)-1567(PB)/2018, filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application for withdrawal of the insolvency petition was initially deferred. The dues of the Interim Resolution Professional (IRP), including his fee and expenses, were not cleared as of the last date of hearing. The IRP later stated that the dues had been cleared and nothing was outstanding. The Committee of Creditors (CoC) had not been constituted.
M/s. National Products filed an insolvency petition (CP No. (IB)-1567(PB)/2018) against M/s. Delhi Control Devices Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. An application was made to withdraw the insolvency petition. Initially, the withdrawal was deferred because the dues of the Interim Resolution Professional (IRP) were not cleared. The IRP, Mr. Ashok Kumar Gupta, later stated through his counsel that the dues had been cleared and nothing was outstanding. The IRP also stated that the Committee of Creditors (CoC) had not been constituted. The court noted the Supreme Court's judgment in Civil Appeal No. 99/2019 (Swiss Ribbons Pvt. Ltd. & Anr.) regarding the withdrawal of insolvency petitions. An order dated 15.02.2019 was previously
…Supreme Court rendered judgment in the case of…
Order pass…