The case involves an application filed by the Interim Resolution Professional (IRP), Mr. Nithyanandam Ramachandran, under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Rule 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and Rule 11 of NCLT Rules, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIR Process) initiated against M/s. Intime Textile Limited. The CIR process was initially triggered by M/s. Muniraj Colours Private Limited (Operational Creditor) under Section 9 of the I&B Code, 2016. The Adjudicating Authority admitted the application on 16.09.2019, initiated the CIR process, and appointed Mr. Nithiyanantham Ramachandran as the IRP.
M/s. Muniraj Colours Private Limited (Operational Creditor) filed CP/781/IB/2018 under Section 9 of the I&B Code, 2016, against M/s. Intime Textile Limited (Corporate Debtor) to initiate the CIR Process. The Adjudicating Authority admitted the application on 16.09.2019, initiated the CIR Process, and appointed Mr. Nithiyanantham Ramachandran as the IRP. The IRP made a public announcement on 20.09.2019, as per Regulation 6 (1) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Debtor) Regulations, 2016, fixing 04.10.2019 as the last date for submission of claims. A claim was received from South Indian Bank Limited. The IRP filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal
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M/s. Muniraj Colours Private Limited filed…
The Adjudicating Authority admitted the…
The case involves an application filed by the Interim Resolution Professional (IRP), Mr. Nithyanandam Ramachandran, under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Rule 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and Rule 11 of NCLT Rules, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIR Process) initiated against M/s. Intime Textile Limited. The CIR process was initially triggered by M/s. Muniraj Colours Private Limited (Operational Creditor) under Section 9 of the I&B Code, 2016. The Adjudicating Authority admitted the application on 16.09.2019, initiated the CIR process, and appointed Mr. Nithiyanantham Ramachandran as the IRP.
M/s. Muniraj Colours Private Limited (Operational Creditor) filed CP/781/IB/2018 under Section 9 of the I&B Code, 2016, against M/s. Intime Textile Limited (Corporate Debtor) to initiate the CIR Process. The Adjudicating Authority admitted the application on 16.09.2019, initiated the CIR Process, and appointed Mr. Nithiyanantham Ramachandran as the IRP. The IRP made a public announcement on 20.09.2019, as per Regulation 6 (1) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Debtor) Regulations, 2016, fixing 04.10.2019 as the last date for submission of claims. A claim was received from South Indian Bank Limited. The IRP filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal
…M/s. Muniraj Colours Private Limited filed…
The Adjudicating Authority admitted the…