The application was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016. The tribunal had admitted the application on 17.12.2019, appointing the applicant as the IRP. The IRP took charge and approached the directors of the corporate debtor, who assured full cooperation in the Corporate Insolvency Resolution Process (CIRP). The IRP filed its first progress report on 06.01.2020. Before the IRP could constitute the Committee of Creditors (COC) by 09.01.2020, the directors of the Corporate Debtor Company informed the IRP that they had approached the Operational Creditor and settled the dues against
…M/s Creative Enterprises filed a Corporate Insolvency Resolution Process (CIRP) application against M/s KRP Infrastructures & Builders Pvt. Ltd. The application was admitted on 2019-12-17, and an Interim Resolution Professional (IRP) was appointed. The IRP took charge and prepared to constitute the Committee of Creditors (COC). However, the directors of M/s KRP Infrastructures & Builders Pvt. Ltd. informed the IRP that they had settled the dues with M/s Creative Enterprises, the Operational Creditor. Following the settlement, M/s Creative Enterprises approached the IRP to withdraw the CIRP application. The IRP then filed an application for withdrawal as per Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016. The
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The tribunal admitted…
The IRP filed its first progress report after…
The application was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016. The tribunal had admitted the application on 17.12.2019, appointing the applicant as the IRP. The IRP took charge and approached the directors of the corporate debtor, who assured full cooperation in the Corporate Insolvency Resolution Process (CIRP). The IRP filed its first progress report on 06.01.2020. Before the IRP could constitute the Committee of Creditors (COC) by 09.01.2020, the directors of the Corporate Debtor Company informed the IRP that they had approached the Operational Creditor and settled the dues against
…M/s Creative Enterprises filed a Corporate Insolvency Resolution Process (CIRP) application against M/s KRP Infrastructures & Builders Pvt. Ltd. The application was admitted on 2019-12-17, and an Interim Resolution Professional (IRP) was appointed. The IRP took charge and prepared to constitute the Committee of Creditors (COC). However, the directors of M/s KRP Infrastructures & Builders Pvt. Ltd. informed the IRP that they had settled the dues with M/s Creative Enterprises, the Operational Creditor. Following the settlement, M/s Creative Enterprises approached the IRP to withdraw the CIRP application. The IRP then filed an application for withdrawal as per Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016. The
…The tribunal admitted…
The IRP filed its first progress report after…