The case involves an application for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/s. GEES EPC Services Pvt Ltd. The CIRP was initiated by an order of the Tribunal dated February 25, 2021. Following the initiation of CIRP, an Interim Resolution Professional (IRP), Solomon Rajesh Jeyasingh, was appointed. The IRP made a public announcement in Form-A, and the last date for lodging claims was March 18, 2021. Only one claim was received, from the Indian Overseas Bank (IOB), which subsequently became the sole member of the Committee of Creditors (CoC).
…An application was filed seeking the withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC, 2016, and Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, read with Rule 11 of NCLT Rules, 2016. The application was moved by the applicant through the Interim Resolution Professional (IRP), Solomon Rajesh Jeyasingh, who was appointed by the Tribunal's order dated February 25, 2021, initiating CIRP against the Corporate Debtor, M/s. GEES EPC Services Pvt Ltd.
…Tribunal initiated CIRP…
IRP became priv…
The case involves an application for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/s. GEES EPC Services Pvt Ltd. The CIRP was initiated by an order of the Tribunal dated February 25, 2021. Following the initiation of CIRP, an Interim Resolution Professional (IRP), Solomon Rajesh Jeyasingh, was appointed. The IRP made a public announcement in Form-A, and the last date for lodging claims was March 18, 2021. Only one claim was received, from the Indian Overseas Bank (IOB), which subsequently became the sole member of the Committee of Creditors (CoC).
…An application was filed seeking the withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC, 2016, and Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, read with Rule 11 of NCLT Rules, 2016. The application was moved by the applicant through the Interim Resolution Professional (IRP), Solomon Rajesh Jeyasingh, who was appointed by the Tribunal's order dated February 25, 2021, initiating CIRP against the Corporate Debtor, M/s. GEES EPC Services Pvt Ltd.
…Tribunal initiated CIRP…
IRP became priv…