The case involves an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate persons) Regulations, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) against M/s. India Offset Printers (P) Limited. The Financial Creditor, M/s Intec Capital Ltd., filed the application.
M/s Intec Capital Ltd. initiated CIRP against M/s India Offset Printers Pvt Ltd. under Section 7 of the IBC. An application was filed under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate persons) Regulations, 2016, for withdrawal of the CIRP. The Financial Creditor and the Corporate Debtor reached a settlement, with the Financial Creditor receiving full and final settlement of its claim except for Rs. 1.65 crores to be paid by June 10, 2022. The COC had not been constituted as no claims were received. The IRP confirmed receiving full and final settlement of dues towards the IRP's remuneration from the Corporate Debtor. The Financial Creditor's counsel did not reserve the right to return to the Tribunal in
…Sign in to view the parties.
Settlement Agreement was…
The NCLT approved the…
The case involves an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate persons) Regulations, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) against M/s. India Offset Printers (P) Limited. The Financial Creditor, M/s Intec Capital Ltd., filed the application.
M/s Intec Capital Ltd. initiated CIRP against M/s India Offset Printers Pvt Ltd. under Section 7 of the IBC. An application was filed under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate persons) Regulations, 2016, for withdrawal of the CIRP. The Financial Creditor and the Corporate Debtor reached a settlement, with the Financial Creditor receiving full and final settlement of its claim except for Rs. 1.65 crores to be paid by June 10, 2022. The COC had not been constituted as no claims were received. The IRP confirmed receiving full and final settlement of dues towards the IRP's remuneration from the Corporate Debtor. The Financial Creditor's counsel did not reserve the right to return to the Tribunal in
…Settlement Agreement was…
The NCLT approved the…