This is an Interlocutory Application filed under section 12A of the Insolvency & Bankruptcy Code, 2016 (IBC) by Mr. Nandkishore Vishnupant Deshpande, the Interim Resolution Professional (IRP) appointed vide order dated 29.01.2020. The application seeks withdrawal of the Company Petition [CP(IB)-1390/MB.II/2019] filed under section 7 of the Insolvency & Bankruptcy Code, 2016 (IBC) by Riddhim Textiles (through its proprietor Leena J Salot) for initiating CIRP against Kavya Buildcon Private Limited, the Corporate Debtor. The Financial Creditor sought to withdraw the Company Petition No.1390/2019 and to recall the CIRP ordered in Kavya Buildcon Private Limited vide orders dated 29.01.2020.
Riddhim Textiles, the Financial Creditor, filed a Company Petition [CP(IB)-1390/MB.II/2019] under section 7 of the Insolvency & Bankruptcy Code, 2016 (IBC) for initiating CIRP against Kavya Buildcon Private Limited, the Corporate Debtor. An Interim Resolution Professional (IRP), Mr. Nandkishore Vishnupant Deshpande, was appointed vide order dated 29.01.2020. Subsequently, the Financial Creditor sought to withdraw the Company Petition. The Corporate Debtor and the Financial Creditor reached an amicable settlement, and the Corporate Debtor admitted a sum of Rs.43,68,750/-. The CIRP cost was also paid. The Corporate Debtor and Applicant/IRP got knowledge of admission of CP (IB) 1390/MB.II/2019 after the order dated 29.01.2020 was uploaded on the NCLT website on 01.02.2020.
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Mr. Nandkishore…
CIRP ordered i…
This is an Interlocutory Application filed under section 12A of the Insolvency & Bankruptcy Code, 2016 (IBC) by Mr. Nandkishore Vishnupant Deshpande, the Interim Resolution Professional (IRP) appointed vide order dated 29.01.2020. The application seeks withdrawal of the Company Petition [CP(IB)-1390/MB.II/2019] filed under section 7 of the Insolvency & Bankruptcy Code, 2016 (IBC) by Riddhim Textiles (through its proprietor Leena J Salot) for initiating CIRP against Kavya Buildcon Private Limited, the Corporate Debtor. The Financial Creditor sought to withdraw the Company Petition No.1390/2019 and to recall the CIRP ordered in Kavya Buildcon Private Limited vide orders dated 29.01.2020.
Riddhim Textiles, the Financial Creditor, filed a Company Petition [CP(IB)-1390/MB.II/2019] under section 7 of the Insolvency & Bankruptcy Code, 2016 (IBC) for initiating CIRP against Kavya Buildcon Private Limited, the Corporate Debtor. An Interim Resolution Professional (IRP), Mr. Nandkishore Vishnupant Deshpande, was appointed vide order dated 29.01.2020. Subsequently, the Financial Creditor sought to withdraw the Company Petition. The Corporate Debtor and the Financial Creditor reached an amicable settlement, and the Corporate Debtor admitted a sum of Rs.43,68,750/-. The CIRP cost was also paid. The Corporate Debtor and Applicant/IRP got knowledge of admission of CP (IB) 1390/MB.II/2019 after the order dated 29.01.2020 was uploaded on the NCLT website on 01.02.2020.
Mr. Nandkishore…
CIRP ordered i…