The case involves an application for withdrawal of an insolvency resolution process initiated against Fortune Mix India Private Limited by Esskkaay Constructions. The application for withdrawal was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional (IRP) was appointed, and a public announcement was made to invite claims from creditors. However, before the constitution of the Committee of Creditors (COC), the operational creditor, Esskkaay Constructions, filed an application for withdrawal based on a settlement with the corporate debtor.
Esskkaay Constructions, an operational creditor, initiated insolvency proceedings against Fortune Mix India Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. S. Kamaraj was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2021-04-23 in newspapers Trinity Mirror and Makkal Kural to invite claims from creditors, with a deadline of 2021-05-06. No claims were received from financial or operational creditors by 2021-05-07. Esskkaay Constructions then filed an application for withdrawal under Section 12A of the IBC, based on a settlement for Rs. 2,38,977/-. The application was filed before the constitution of the Committee of Creditors (COC). The date for the constitution of COC was fixed for 2021-05-08. The
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Application IBA/1324/201…
Application filed by…
The case involves an application for withdrawal of an insolvency resolution process initiated against Fortune Mix India Private Limited by Esskkaay Constructions. The application for withdrawal was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional (IRP) was appointed, and a public announcement was made to invite claims from creditors. However, before the constitution of the Committee of Creditors (COC), the operational creditor, Esskkaay Constructions, filed an application for withdrawal based on a settlement with the corporate debtor.
Esskkaay Constructions, an operational creditor, initiated insolvency proceedings against Fortune Mix India Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. S. Kamaraj was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2021-04-23 in newspapers Trinity Mirror and Makkal Kural to invite claims from creditors, with a deadline of 2021-05-06. No claims were received from financial or operational creditors by 2021-05-07. Esskkaay Constructions then filed an application for withdrawal under Section 12A of the IBC, based on a settlement for Rs. 2,38,977/-. The application was filed before the constitution of the Committee of Creditors (COC). The date for the constitution of COC was fixed for 2021-05-08. The
…Application IBA/1324/201…
Application filed by…