The case involves an application filed by the Resolution Professional of Goldline Venture Private Limited under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The application states that the Committee of Creditors (CoC) approved the withdrawal with a 100% majority vote during its seventh meeting convened on 09.08.2019. The resolution professional submitted that all fees and CIRP costs have been paid.
The Resolution Professional of Goldline Venture Private Limited filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the CIRP against the corporate debtor. The seventh meeting of the CoC, convened on 09.08.2019, resulted in a unanimous resolution (100% majority) to withdraw the CIRP. The Financial Creditor Swaraj Overseas requested the Resolution Professional to put the resolution for withdrawal to vote. The Resolution Professional confirmed that all fees and CIRP costs had been paid. The admission order dated 20.02.2019 was in effect prior to this withdrawal application. The CoC, in its commercial wisdom, resolved to permit the withdrawal of the Corporate Insolvency Resolution Process.
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Admission orde…
Seventh meeting of the CoC convened, where…
The case involves an application filed by the Resolution Professional of Goldline Venture Private Limited under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The application states that the Committee of Creditors (CoC) approved the withdrawal with a 100% majority vote during its seventh meeting convened on 09.08.2019. The resolution professional submitted that all fees and CIRP costs have been paid.
The Resolution Professional of Goldline Venture Private Limited filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the CIRP against the corporate debtor. The seventh meeting of the CoC, convened on 09.08.2019, resulted in a unanimous resolution (100% majority) to withdraw the CIRP. The Financial Creditor Swaraj Overseas requested the Resolution Professional to put the resolution for withdrawal to vote. The Resolution Professional confirmed that all fees and CIRP costs had been paid. The admission order dated 20.02.2019 was in effect prior to this withdrawal application. The CoC, in its commercial wisdom, resolved to permit the withdrawal of the Corporate Insolvency Resolution Process.
Admission orde…
Seventh meeting of the CoC convened, where…