The case involves an application filed by the Resolution Professional under section 12A of the Insolvency and Bankruptcy Code (IBC) for the withdrawal of a Company Petition. The petitioner had issued Form-FA for the withdrawal of the petition. The IRP's dues and other expenses were paid. The petitioner and the Corporate Debtor entered into consent terms, a copy of which was annexed. A public notice inviting claims was issued on 2019-12-09, but only the petitioner filed a claim, and no Committee of Creditors (CoC) was constituted.
Bigbloc Construction Ltd. filed a Company Petition against Kruti Infracons Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional filed an application under Section 12A of the Code for withdrawal of the Company Petition. The Petitioner issued Form-FA for withdrawal. The IRP's dues and other expenses were paid. The Petitioner and the Corporate Debtor entered into consent terms. A public notice inviting claims was issued on 2019-12-09, but only the Petitioner filed a claim, and no CoC was constituted. The key fact is the consent between the parties and the absence of other creditors, which facilitated the withdrawal of the petition.
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The case involves an application filed by the Resolution Professional under section 12A of the Insolvency and Bankruptcy Code (IBC) for the withdrawal of a Company Petition. The petitioner had issued Form-FA for the withdrawal of the petition. The IRP's dues and other expenses were paid. The petitioner and the Corporate Debtor entered into consent terms, a copy of which was annexed. A public notice inviting claims was issued on 2019-12-09, but only the petitioner filed a claim, and no Committee of Creditors (CoC) was constituted.
Bigbloc Construction Ltd. filed a Company Petition against Kruti Infracons Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional filed an application under Section 12A of the Code for withdrawal of the Company Petition. The Petitioner issued Form-FA for withdrawal. The IRP's dues and other expenses were paid. The Petitioner and the Corporate Debtor entered into consent terms. A public notice inviting claims was issued on 2019-12-09, but only the Petitioner filed a claim, and no CoC was constituted. The key fact is the consent between the parties and the absence of other creditors, which facilitated the withdrawal of the petition.
Publication notice…
Order sheet of the…