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), 2016. The petition was admitted, 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 to withdraw the CIRP application. The COC unanimously approved the withdrawal in a meeting held on February 21, 2019. The RP then filed an application under Regulation 30(A) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking permission from the
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The Authority admitted the petition of the…
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), 2016. The petition was admitted, 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 to withdraw the CIRP application. The COC unanimously approved the withdrawal in a meeting held on February 21, 2019. The RP then filed an application under Regulation 30(A) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking permission from the
…The Authority admitted the petition of the…
The RP placed Form-FA before the meeting of COC…