CA No. 185/2018, C-IV (IB)-1001/ND/2018 was filed by the Resolution Professional (RP) seeking permission to withdraw the main application IB-1001/ND/2018 under Section 12A of the Insolvency & Bankruptcy Code. The application was supported by relevant documents and the approval of the Committee of Creditors (COC) in its meeting held on 18.12.2018, where the withdrawal of the application filed by the Operational Creditor under Section 9 was discussed and approved.
Hitech Enterprises filed an application as an Operational Creditor under Section 9 of the IBC. The Resolution Professional (RP) filed CA No. 185/2018 seeking to withdraw the main application IB-1001/ND/2018 under Section 12A of the IBC. The IInd COC Meeting was held on 18.12.2018, where the withdrawal of the application was approved with 100% voting shares. The RP presented a video recording of the meeting. Form FA under Regulation 30A of IBBI Regulations was annexed. The NCLT allowed the withdrawal and discharged the RP, directing the handover of management to the Corporate Debtor's original directors.
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The IInd COC Meeting was held, where agenda…
The order was delivered allowing the withdrawal…
CA No. 185/2018, C-IV (IB)-1001/ND/2018 was filed by the Resolution Professional (RP) seeking permission to withdraw the main application IB-1001/ND/2018 under Section 12A of the Insolvency & Bankruptcy Code. The application was supported by relevant documents and the approval of the Committee of Creditors (COC) in its meeting held on 18.12.2018, where the withdrawal of the application filed by the Operational Creditor under Section 9 was discussed and approved.
Hitech Enterprises filed an application as an Operational Creditor under Section 9 of the IBC. The Resolution Professional (RP) filed CA No. 185/2018 seeking to withdraw the main application IB-1001/ND/2018 under Section 12A of the IBC. The IInd COC Meeting was held on 18.12.2018, where the withdrawal of the application was approved with 100% voting shares. The RP presented a video recording of the meeting. Form FA under Regulation 30A of IBBI Regulations was annexed. The NCLT allowed the withdrawal and discharged the RP, directing the handover of management to the Corporate Debtor's original directors.
The IInd COC Meeting was held, where agenda…
The order was delivered allowing the withdrawal…