IA No. 229/2021 was filed in CP (IB) No. 361/7/HDB/2020. The application was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the Corporate Insolvency Resolution Process (CIRP) Regulations. The application stated that the matter had been settled between the parties. The Committee of Creditors (CoC) had not yet been constituted. The Financial Creditor (FC) filed form FA along with the deed of settlement to the IRP, which was taken on record.
Genesys Biologies Ltd is the company involved in the Company Petition/Application. Zydus Healthcare Ltd is the petitioner. Genesys Biologies Ltd is also the respondent. IA No. 229/2021 was filed by the Interim Resolution Professional (IRP) under Section 12A of the IBC, stating that the matter is settled between the parties. The CoC was not yet constituted. The Financial Creditor (FC) filed form FA along with the deed of settlement to the IRP. The court considered the submissions made by the IRP and allowed IA No. 229/2021, dismissing CP (IB) No. 361/7/HDB/2020 as withdrawn.
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IA No. 229/2021 was filed in CP (IB) No. 361/7/HDB/2020. The application was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the Corporate Insolvency Resolution Process (CIRP) Regulations. The application stated that the matter had been settled between the parties. The Committee of Creditors (CoC) had not yet been constituted. The Financial Creditor (FC) filed form FA along with the deed of settlement to the IRP, which was taken on record.
Genesys Biologies Ltd is the company involved in the Company Petition/Application. Zydus Healthcare Ltd is the petitioner. Genesys Biologies Ltd is also the respondent. IA No. 229/2021 was filed by the Interim Resolution Professional (IRP) under Section 12A of the IBC, stating that the matter is settled between the parties. The CoC was not yet constituted. The Financial Creditor (FC) filed form FA along with the deed of settlement to the IRP. The court considered the submissions made by the IRP and allowed IA No. 229/2021, dismissing CP (IB) No. 361/7/HDB/2020 as withdrawn.
Hearing he…
Order issu…