The case involves Antarctica Ltd. versus Madoorie Tea Estate Pvt. Ltd. The corporate debtor was admitted into CIRP, after which the parties entered into a settlement. CA(IB) No. 1127/KB/2018 was filed by the corporate debtor for withdrawal of the application under section 12A of the I&B Code. Subsequently, CA(IB) No. 123/KB/2019 was filed by the Operational Creditor for withdrawal of the application.
Antarctica Ltd. initiated CIRP against Madoorie Tea Estate Pvt. Ltd. After the admission of the corporate debtor into CIRP, the parties reached a settlement. The corporate debtor filed CA(IB) No. 1127/KB/2018 for withdrawal of the application under section 12A of the I&B Code. The operational creditor then filed CA(IB) No. 123/KB/2019 for withdrawal of the application. The Committee of Creditors (CoC) had not been formed, and the Expression of Interest (EoI) had not been published. The court disposed of the applications and directed the corporate debtor to pay the IRP fees within two weeks.
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Hearing held on…
Corporate debtor filed CA(IB) No.…
The case involves Antarctica Ltd. versus Madoorie Tea Estate Pvt. Ltd. The corporate debtor was admitted into CIRP, after which the parties entered into a settlement. CA(IB) No. 1127/KB/2018 was filed by the corporate debtor for withdrawal of the application under section 12A of the I&B Code. Subsequently, CA(IB) No. 123/KB/2019 was filed by the Operational Creditor for withdrawal of the application.
Antarctica Ltd. initiated CIRP against Madoorie Tea Estate Pvt. Ltd. After the admission of the corporate debtor into CIRP, the parties reached a settlement. The corporate debtor filed CA(IB) No. 1127/KB/2018 for withdrawal of the application under section 12A of the I&B Code. The operational creditor then filed CA(IB) No. 123/KB/2019 for withdrawal of the application. The Committee of Creditors (CoC) had not been formed, and the Expression of Interest (EoI) had not been published. The court disposed of the applications and directed the corporate debtor to pay the IRP fees within two weeks.
Hearing held on…
Corporate debtor filed CA(IB) No.…