The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) r.w. Regulation 30A(1)(a) of CIRP Regulations, 2016 r.w. Rule 11 of NCLT Rules, 2016, seeking withdrawal of CP(IB)26/2018. The Corporate Insolvency Resolution Process (CIRP) was initiated, and an Interim Resolution Professional (IRP), Mr. Sunil Kumar Agrawal, was appointed. The parties subsequently reached a mutual settlement.
The Operational Creditor initiated CIRP against the Corporate Debtor. An IRP, Sunil Kumar Agrawal, was appointed and performed his duties, including making a public announcement. Subsequently, the parties entered into a mutual settlement. The Operational Creditor received the amount due from the Respondent. The Committee of Creditors (COC) was not yet constituted. The Operational Creditor then filed an application under Section 12A of the IBC to withdraw the CIRP. The application was supported by an affidavit. The IRP's dues were cleared by the Operational Creditor.
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CP(IB) No.26/NCLT/AHM/20…
CP(IB) 26/20…
The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) r.w. Regulation 30A(1)(a) of CIRP Regulations, 2016 r.w. Rule 11 of NCLT Rules, 2016, seeking withdrawal of CP(IB)26/2018. The Corporate Insolvency Resolution Process (CIRP) was initiated, and an Interim Resolution Professional (IRP), Mr. Sunil Kumar Agrawal, was appointed. The parties subsequently reached a mutual settlement.
The Operational Creditor initiated CIRP against the Corporate Debtor. An IRP, Sunil Kumar Agrawal, was appointed and performed his duties, including making a public announcement. Subsequently, the parties entered into a mutual settlement. The Operational Creditor received the amount due from the Respondent. The Committee of Creditors (COC) was not yet constituted. The Operational Creditor then filed an application under Section 12A of the IBC to withdraw the CIRP. The application was supported by an affidavit. The IRP's dues were cleared by the Operational Creditor.
CP(IB) No.26/NCLT/AHM/20…
CP(IB) 26/20…