The case involves an application for withdrawal of an application under Section 7 of the IBC, 2016. The Applicant/RP sought withdrawal based on a settlement reached between the parties. The COC approved the withdrawal of CIRP with a 100% voting share.
M/s. S. S. Enterprises filed an application against M/s. Homes Connect Developers Pvt. Ltd. under Section 7 of the IBC, 2016. The Applicant/RP then filed IA/3822/2021 seeking withdrawal of the application due to a settlement reached between the parties. The COC approved the withdrawal of the CIRP with a 100% voting share in its meeting held on July 10, 2021. The RP also received the CIRP cost. The court considered these submissions and permitted the withdrawal of the application.
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The COC approved the…
Order delivere…
The case involves an application for withdrawal of an application under Section 7 of the IBC, 2016. The Applicant/RP sought withdrawal based on a settlement reached between the parties. The COC approved the withdrawal of CIRP with a 100% voting share.
M/s. S. S. Enterprises filed an application against M/s. Homes Connect Developers Pvt. Ltd. under Section 7 of the IBC, 2016. The Applicant/RP then filed IA/3822/2021 seeking withdrawal of the application due to a settlement reached between the parties. The COC approved the withdrawal of the CIRP with a 100% voting share in its meeting held on July 10, 2021. The RP also received the CIRP cost. The court considered these submissions and permitted the withdrawal of the application.
The COC approved the…
Order delivere…