Bhuleshwar Steel & Alloys Pvt. Ltd., an operational creditor, initiated CIRP against Empathy Infra & Engineering Pvt. Ltd., the corporate debtor. CP (IB) No.234/Chd/Hry/2018 was admitted on 2019-12-19. Despite the admission, no Committee of Creditors (CoC) was formed because no claims were received from financial or operational creditors. Subsequently, a belated claim was received but not admitted. The operational creditor and the corporate debtor reached a settlement and filed an application to withdraw the CIRP under Section 12A of the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional's expenses were fully paid. The applicant filed Form FA seeking withdrawal of the application.

Bhuleshwar Steel & Alloys Pvt. Ltd., an operational creditor, initiated CIRP against Empathy Infra & Engineering Pvt. Ltd., the corporate debtor. CP (IB) No.234/Chd/Hry/2018 was admitted on 2019-12-19. Despite the admission, no Committee of Creditors (CoC) was formed because no claims were received from financial or operational creditors. Subsequently, a belated claim was received but not admitted. The operational creditor and the corporate debtor reached a settlement and filed an application to withdraw the CIRP under Section 12A of the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional's expenses were fully paid. The applicant filed Form FA seeking withdrawal of the application.