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 creditors and was resolved in a meeting on 2019-10-31, indicating that a settlement offer made by the corporate debtor was accepted. The Corporate Insolvency Resolution Process (CIRP) was initiated based on CP. No. (IB)-284(PB)/2018.
Oriental Bank of Commerce filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, leading to the initiation of Corporate Insolvency Resolution Process (CIRP) against JSD Steel Pvt. Ltd. Subsequently, a resolution for withdrawal of the CIRP was proposed, with 94.35% of the creditors approving the withdrawal in a meeting held on 2019-10-31. This resolution was based on a settlement offer made by JSD Steel Pvt. Ltd. The Resolution Professional filed an application under Section 12A of the IBC seeking withdrawal of CP. No. (IB)-284(PB)/2018. The CoC comprised of five members. The RP confirmed satisfaction with the proposal for payment of fees/costs.
Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
A resolution for withdrawal of the CIRP was…
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 creditors and was resolved in a meeting on 2019-10-31, indicating that a settlement offer made by the corporate debtor was accepted. The Corporate Insolvency Resolution Process (CIRP) was initiated based on CP. No. (IB)-284(PB)/2018.
Oriental Bank of Commerce filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, leading to the initiation of Corporate Insolvency Resolution Process (CIRP) against JSD Steel Pvt. Ltd. Subsequently, a resolution for withdrawal of the CIRP was proposed, with 94.35% of the creditors approving the withdrawal in a meeting held on 2019-10-31. This resolution was based on a settlement offer made by JSD Steel Pvt. Ltd. The Resolution Professional filed an application under Section 12A of the IBC seeking withdrawal of CP. No. (IB)-284(PB)/2018. The CoC comprised of five members. The RP confirmed satisfaction with the proposal for payment of fees/costs.
Corporate Insolvency Resolution Process (CIRP)…
A resolution for withdrawal of the CIRP was…