The case involves an application under Section 12A of the Code read with Regulation 30-A(1)(d) of the Corporate Insolvency Resolution Process Regulations, seeking closure of the CIRP initiated against the Corporate Debtor. The CIRP was initiated vide order dated 13.08.2021. The last date for filing claims with the IRP was 03/09/2021, and the due date for verification of claims was 27/08/2021. Only one claim, from the Operational Creditor, was received. The Committee of Creditors (CoC) was constituted with the Petitioning Operational Creditor as its sole member. The suspended board approached the Operational Creditor for settlement, and the CoC approved the settlement at its meeting on 05/10/2021.
The Mining Industrial Corporation initiated a Corporate Insolvency Resolution Process (CIRP) against Madhushree Industries Private Limited. The CIRP was initiated on 13.08.2021. The last date for filing claims was 03.09.2021, and the verification date was 27.08.2021. Only one claim was received from the Operational Creditor. The Committee of Creditors (CoC) consisted solely of the Operational Creditor. The suspended board of directors approached the Operational Creditor for a settlement. The CoC approved the settlement in a meeting held on 05.10.2021. An application was filed under Section 12A of the Code read with Regulation 30-A(1)(d) seeking closure of the CIRP. The CIRP costs were paid in full. There were no objections or pending applications from other creditors.
…Sign in to view the parties.
CIRP initiated…
The due date for…
The case involves an application under Section 12A of the Code read with Regulation 30-A(1)(d) of the Corporate Insolvency Resolution Process Regulations, seeking closure of the CIRP initiated against the Corporate Debtor. The CIRP was initiated vide order dated 13.08.2021. The last date for filing claims with the IRP was 03/09/2021, and the due date for verification of claims was 27/08/2021. Only one claim, from the Operational Creditor, was received. The Committee of Creditors (CoC) was constituted with the Petitioning Operational Creditor as its sole member. The suspended board approached the Operational Creditor for settlement, and the CoC approved the settlement at its meeting on 05/10/2021.
The Mining Industrial Corporation initiated a Corporate Insolvency Resolution Process (CIRP) against Madhushree Industries Private Limited. The CIRP was initiated on 13.08.2021. The last date for filing claims was 03.09.2021, and the verification date was 27.08.2021. Only one claim was received from the Operational Creditor. The Committee of Creditors (CoC) consisted solely of the Operational Creditor. The suspended board of directors approached the Operational Creditor for a settlement. The CoC approved the settlement in a meeting held on 05.10.2021. An application was filed under Section 12A of the Code read with Regulation 30-A(1)(d) seeking closure of the CIRP. The CIRP costs were paid in full. There were no objections or pending applications from other creditors.
…CIRP initiated…
The due date for…