The case involves an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking permission to withdraw a Corporate Insolvency Resolution Process (CIRP) application. The CIRP was initiated by Daimler Financial Services Pvt. Ltd. against Eram Infra Projects Pvt. Ltd. The Committee of Creditors (COC), consisting solely of Daimler Financial Services, approved the withdrawal.
Daimler Financial Services Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Eram Infra Projects Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted by the NCLT on 2018-06-14, and an Interim Resolution Professional (IRP) was appointed. The IRP constituted a Committee of Creditors (COC), which consisted solely of Daimler Financial Services Pvt. Ltd. Subsequently, Daimler Financial Services Pvt. Ltd. submitted Form-FA to the RP, seeking withdrawal of the CIRP. The RP placed Form-FA before the COC, which unanimously approved the withdrawal. The RP then filed an application (CA No.76/2019) under Section 12A of the IBC, read with Regulation 30A of the IBBI Regulations, seeking permission to withdraw the
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The NCLT admitted the…
RP placed Form-FA before the meeting of COC…
The case involves an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking permission to withdraw a Corporate Insolvency Resolution Process (CIRP) application. The CIRP was initiated by Daimler Financial Services Pvt. Ltd. against Eram Infra Projects Pvt. Ltd. The Committee of Creditors (COC), consisting solely of Daimler Financial Services, approved the withdrawal.
Daimler Financial Services Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Eram Infra Projects Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted by the NCLT on 2018-06-14, and an Interim Resolution Professional (IRP) was appointed. The IRP constituted a Committee of Creditors (COC), which consisted solely of Daimler Financial Services Pvt. Ltd. Subsequently, Daimler Financial Services Pvt. Ltd. submitted Form-FA to the RP, seeking withdrawal of the CIRP. The RP placed Form-FA before the COC, which unanimously approved the withdrawal. The RP then filed an application (CA No.76/2019) under Section 12A of the IBC, read with Regulation 30A of the IBBI Regulations, seeking permission to withdraw the
…The NCLT admitted the…
RP placed Form-FA before the meeting of COC…