The application IA(IBC)/01/CHE/2022 in IBA/480/2020 was filed for the purpose of withdrawing the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The application was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) 2016, read with Regulation 30A (1) (a) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016, and Rule 11 of the NCLT Rules, 2016.
Ingram Micro India Pvt Ltd initiated CIRP against Lookman Electroplast Industries Ltd. An application was filed to withdraw the CIRP under Section 12A of the IBC, Regulation 30A of the IBBI Regulations, and Rule 11 of the NCLT Rules. The Operational Creditor, Ingram Micro India Pvt Ltd, received full payment, including the IRP's fees. The IRP's counsel confirmed the payment. The key fact is the full settlement of dues, leading to the withdrawal application.
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Chennai National Company Law Tribunal held a…
The application IA(IBC)/01/CHE/2022 in IBA/480/2020 was filed for the purpose of withdrawing the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The application was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) 2016, read with Regulation 30A (1) (a) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016, and Rule 11 of the NCLT Rules, 2016.
Ingram Micro India Pvt Ltd initiated CIRP against Lookman Electroplast Industries Ltd. An application was filed to withdraw the CIRP under Section 12A of the IBC, Regulation 30A of the IBBI Regulations, and Rule 11 of the NCLT Rules. The Operational Creditor, Ingram Micro India Pvt Ltd, received full payment, including the IRP's fees. The IRP's counsel confirmed the payment. The key fact is the full settlement of dues, leading to the withdrawal application.
Chennai National Company Law Tribunal held a…