The case involves an application filed by the Resolution Professional under Section 12A of the Insolvency & Bankruptcy Code seeking withdrawal of CP. No. (IB)-284(PB)/2018. The resolution for withdrawal was supported by 94.35% of the Committee of Creditors (CoC) and was resolved in a meeting on 2019-10-31. The settlement offer was made by the corporate debtor to be accepted and the Corporate Insolvency Resolution Process to be withdrawn. The Corporate Insolvency Resolution Process was initiated on 2018-07-20.
An application was filed by the Resolution Professional under Section 12A of the Insolvency & Bankruptcy Code to withdraw CP. No. (IB)-284(PB)/2018. The resolution for withdrawal was supported by 94.35% of the Committee of Creditors (CoC). The resolution was passed in a meeting held on 2019-10-31, where a settlement offer made by the corporate debtor was accepted. The Corporate Insolvency Resolution Process (CIRP) had been initiated on 2018-07-20. The CoC comprised five members. The RP stated that he was satisfied with the proposal for making the payment of his fee/cost. Notice of the application was issued to the non-applicant respondent, M/s. JSD Steel Pvt. Ltd.
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Corporate Insolvency…
Meeting held where the resolution for…
The case involves an application filed by the Resolution Professional under Section 12A of the Insolvency & Bankruptcy Code seeking withdrawal of CP. No. (IB)-284(PB)/2018. The resolution for withdrawal was supported by 94.35% of the Committee of Creditors (CoC) and was resolved in a meeting on 2019-10-31. The settlement offer was made by the corporate debtor to be accepted and the Corporate Insolvency Resolution Process to be withdrawn. The Corporate Insolvency Resolution Process was initiated on 2018-07-20.
An application was filed by the Resolution Professional under Section 12A of the Insolvency & Bankruptcy Code to withdraw CP. No. (IB)-284(PB)/2018. The resolution for withdrawal was supported by 94.35% of the Committee of Creditors (CoC). The resolution was passed in a meeting held on 2019-10-31, where a settlement offer made by the corporate debtor was accepted. The Corporate Insolvency Resolution Process (CIRP) had been initiated on 2018-07-20. The CoC comprised five members. The RP stated that he was satisfied with the proposal for making the payment of his fee/cost. Notice of the application was issued to the non-applicant respondent, M/s. JSD Steel Pvt. Ltd.
Corporate Insolvency…
Meeting held where the resolution for…