The application CA No. 943/2019 was filed by the Interim Resolution Professional (IRP) seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated under Section 12A of the Insolvency and Bankruptcy Code, 2016. The petitioner in the CP had applied to the Resolution Professional in Form FA (Annexure A3) to withdraw the CP due to settlement of his claim. The RP also filed a compliance affidavit stating that the expenses of the IRP have been paid, there was only one financial creditor (State Bank of India), and the corporate debtor's account with the bank was regular. Claims of two other operational creditors were also settled.
Surinder Kumar Pupneja, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Hawk Leathers Pvt. Ltd. under the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional (IRP), Mr. Mast Ram, filed an application (CA No. 943/2019) seeking withdrawal of the CIRP under Section 12A of the Code. The petitioner (Surinder Kumar Pupneja) had applied to the Resolution Professional to withdraw the CP as his claim was settled. The RP filed a compliance affidavit stating that the expenses of the IRP have been paid, there was only one financial creditor (State Bank of India), and the corporate debtor's account with the bank was regular. Claims of two other operational creditors were also settled. This settlement of claims is the
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The Interim Resolution Professional filed an…
The RP filed a compliance affidavit stating…
The application CA No. 943/2019 was filed by the Interim Resolution Professional (IRP) seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated under Section 12A of the Insolvency and Bankruptcy Code, 2016. The petitioner in the CP had applied to the Resolution Professional in Form FA (Annexure A3) to withdraw the CP due to settlement of his claim. The RP also filed a compliance affidavit stating that the expenses of the IRP have been paid, there was only one financial creditor (State Bank of India), and the corporate debtor's account with the bank was regular. Claims of two other operational creditors were also settled.
Surinder Kumar Pupneja, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Hawk Leathers Pvt. Ltd. under the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional (IRP), Mr. Mast Ram, filed an application (CA No. 943/2019) seeking withdrawal of the CIRP under Section 12A of the Code. The petitioner (Surinder Kumar Pupneja) had applied to the Resolution Professional to withdraw the CP as his claim was settled. The RP filed a compliance affidavit stating that the expenses of the IRP have been paid, there was only one financial creditor (State Bank of India), and the corporate debtor's account with the bank was regular. Claims of two other operational creditors were also settled. This settlement of claims is the
…The Interim Resolution Professional filed an…
The RP filed a compliance affidavit stating…