The case pertains to an application filed by the Interim Resolution Professional (IRP) seeking withdrawal of an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). A Corporate Insolvency Resolution Process (CIRP) order was previously passed on January 21, 2020. The parties involved have executed a settlement agreement, which is annexed to the application. The IRP states that no claims have been received, and the Committee of Creditors (CoC) has not been constituted.
This is a case where This is it Designs Pvt. Ltd. filed an application against Kayo Enterprises Pvt. Ltd. under Section 9 of the IBC. A CIRP order was passed on January 21, 2020. Subsequently, the parties reached a settlement agreement. The IRP filed an application seeking withdrawal of the initial application, stating that no claims were received, and the CoC was not constituted. The IRP also stated that no dues for expenses/fees were pending. The key facts are the settlement agreement, the absence of claims and CoC formation, and the IRP's request for withdrawal.
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CIRP orde…
Order delivere…
The case pertains to an application filed by the Interim Resolution Professional (IRP) seeking withdrawal of an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). A Corporate Insolvency Resolution Process (CIRP) order was previously passed on January 21, 2020. The parties involved have executed a settlement agreement, which is annexed to the application. The IRP states that no claims have been received, and the Committee of Creditors (CoC) has not been constituted.
This is a case where This is it Designs Pvt. Ltd. filed an application against Kayo Enterprises Pvt. Ltd. under Section 9 of the IBC. A CIRP order was passed on January 21, 2020. Subsequently, the parties reached a settlement agreement. The IRP filed an application seeking withdrawal of the initial application, stating that no claims were received, and the CoC was not constituted. The IRP also stated that no dues for expenses/fees were pending. The key facts are the settlement agreement, the absence of claims and CoC formation, and the IRP's request for withdrawal.
CIRP orde…
Order delivere…