This is an application filed under Section 12A seeking withdrawal of IB-2173/ND/2019. The CoC minutes allowing the filing of Section 12A application were not placed on record initially, leading to adjournment. Subsequently, the minutes of the 2nd CoC meeting held on 13.07.2020, which recorded that the parties were directed to settle the matter in pursuance of the order passed by the Hon'ble NCLAT on 18.03.2020, were presented. The present application was filed in furtherance of the settlement.
Blue Star Ltd. initiated insolvency proceedings against Heaven Engineers & Contractors Pvt. Ltd. under IB-2173/ND/2019. An application (IA-339/ND/2021) was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the insolvency proceedings. Initially, the CoC minutes authorizing the Section 12A application were not available, leading to an adjournment. The 2nd CoC meeting minutes, held on 13.07.2020, indicated that the parties were directed to settle the matter by the NCLAT on 18.03.2020. Mr. Chetan Sharma, representing the applicant, confirmed the settlement and filing of the withdrawal application. The Resolution Professional, Mr. Shashi Bhushan, confirmed that all CIRP costs had been paid. The NCLT then allowed the withdrawal
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Insolvency proceedings initiated against Heaven…
The Hon'ble NCLAT…
This is an application filed under Section 12A seeking withdrawal of IB-2173/ND/2019. The CoC minutes allowing the filing of Section 12A application were not placed on record initially, leading to adjournment. Subsequently, the minutes of the 2nd CoC meeting held on 13.07.2020, which recorded that the parties were directed to settle the matter in pursuance of the order passed by the Hon'ble NCLAT on 18.03.2020, were presented. The present application was filed in furtherance of the settlement.
Blue Star Ltd. initiated insolvency proceedings against Heaven Engineers & Contractors Pvt. Ltd. under IB-2173/ND/2019. An application (IA-339/ND/2021) was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the insolvency proceedings. Initially, the CoC minutes authorizing the Section 12A application were not available, leading to an adjournment. The 2nd CoC meeting minutes, held on 13.07.2020, indicated that the parties were directed to settle the matter by the NCLAT on 18.03.2020. Mr. Chetan Sharma, representing the applicant, confirmed the settlement and filing of the withdrawal application. The Resolution Professional, Mr. Shashi Bhushan, confirmed that all CIRP costs had been paid. The NCLT then allowed the withdrawal
…Insolvency proceedings initiated against Heaven…
The Hon'ble NCLAT…