The case pertains to an application filed by the Resolution Professional under Section 12A of the Insolvency & Bankruptcy Code seeking withdrawal of CP No. (IB)-802(PB)/2019. The Committee of Creditors (CoC) in its 9th meeting resolved with 100% voting to accept the settlement offer of ₹8.15 Crore made by the corporate debtor.
The Resolution Professional filed an application under Section 12A of the Insolvency & Bankruptcy Code to withdraw CP No. (IB)-802(PB)/2019. The CoC approved a settlement offer of ₹8.15 Crore made by the corporate debtor with 100% voting in its 9th meeting. The application for withdrawal is based on this settlement offer. The key fact is the unanimous approval by the CoC, indicating a consensus among creditors to resolve the insolvency through settlement.
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Resolution Professional filed an application…
The CoC in its 9th meeting resolved with 100%…
The case pertains to an application filed by the Resolution Professional under Section 12A of the Insolvency & Bankruptcy Code seeking withdrawal of CP No. (IB)-802(PB)/2019. The Committee of Creditors (CoC) in its 9th meeting resolved with 100% voting to accept the settlement offer of ₹8.15 Crore made by the corporate debtor.
The Resolution Professional filed an application under Section 12A of the Insolvency & Bankruptcy Code to withdraw CP No. (IB)-802(PB)/2019. The CoC approved a settlement offer of ₹8.15 Crore made by the corporate debtor with 100% voting in its 9th meeting. The application for withdrawal is based on this settlement offer. The key fact is the unanimous approval by the CoC, indicating a consensus among creditors to resolve the insolvency through settlement.
Resolution Professional filed an application…
The CoC in its 9th meeting resolved with 100%…