The case involves an application filed by the Resolution Professional seeking withdrawal of IB No. 112/ND/2018. The Resolution Professional stated that in the 4th CoC Meeting, the sole CoC Member, M/s SRS Limited, passed a resolution to seek withdrawal of IB-112/ND/2018 for reasons recorded in the minutes. The company does not have any assets, and various proceedings against the company by statutory authorities are in progress.
The Resolution Professional filed an application seeking withdrawal of IB No. 112/ND/2018. In the 4th CoC Meeting, M/s SRS Limited, the sole CoC member, passed a resolution to withdraw the application. The company lacks assets, and statutory authorities have initiated various proceedings against it. The Resolution Professional has also filed a statement regarding pending fees. The relevance of these facts is that they support the withdrawal of the insolvency application due to the company's lack of assets and ongoing legal issues.
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IB No. 112/ND/…
An application (CA No. 702/ND/2019) was filed…
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The case involves an application filed by the Resolution Professional seeking withdrawal of IB No. 112/ND/2018. The Resolution Professional stated that in the 4th CoC Meeting, the sole CoC Member, M/s SRS Limited, passed a resolution to seek withdrawal of IB-112/ND/2018 for reasons recorded in the minutes. The company does not have any assets, and various proceedings against the company by statutory authorities are in progress.
The Resolution Professional filed an application seeking withdrawal of IB No. 112/ND/2018. In the 4th CoC Meeting, M/s SRS Limited, the sole CoC member, passed a resolution to withdraw the application. The company lacks assets, and statutory authorities have initiated various proceedings against it. The Resolution Professional has also filed a statement regarding pending fees. The relevance of these facts is that they support the withdrawal of the insolvency application due to the company's lack of assets and ongoing legal issues.
IB No. 112/ND/…
An application (CA No. 702/ND/2019) was filed…
Sign in to view related legal provisions.