The case pertains to an Interlocutory Application (IA) filed under section 12A of the Insolvency and Bankruptcy Code, 2016, for withdrawal of a Company Petition (CP) No. 1797/2019. The CP was admitted vide order dated 18.10.2019. The Resolution Professional (RP) made a public announcement to invite claims from creditors of the Corporate Debtor. The Committee of Creditors (CoC) appointed the Applicant as the Resolution Professional of the Corporate Debtor. The CoC expressed unwillingness to participate in a meeting, anticipating withdrawal of the matter. The Operational Creditor sent Form FA as per regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
An Interlocutory Application (IA) was filed under section 12A of the Insolvency and Bankruptcy Code, 2016, by Mr. Uday Shreeram Sakrikar, the Resolution Professional (RP) of Nakshatra Polymers, for withdrawal of Company Petition No. 1797/2019. The Company Petition was admitted on 18.10.2019. The RP made a public announcement to invite claims from creditors, with the last date for submission being 01.11.2019. The RP received a claim from Solapur District Central Co-operative Bank Limited on 31.12.2019. The first Committee of Creditors (CoC) meeting was held on 14.11.2019, where the Applicant was appointed as the RP. The third CoC meeting on 22.01.2019 revealed the CoC's unwillingness to participate, anticipating withdrawal. The Operational Creditor sent Form FA on
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The case pertains to an Interlocutory Application (IA) filed under section 12A of the Insolvency and Bankruptcy Code, 2016, for withdrawal of a Company Petition (CP) No. 1797/2019. The CP was admitted vide order dated 18.10.2019. The Resolution Professional (RP) made a public announcement to invite claims from creditors of the Corporate Debtor. The Committee of Creditors (CoC) appointed the Applicant as the Resolution Professional of the Corporate Debtor. The CoC expressed unwillingness to participate in a meeting, anticipating withdrawal of the matter. The Operational Creditor sent Form FA as per regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
An Interlocutory Application (IA) was filed under section 12A of the Insolvency and Bankruptcy Code, 2016, by Mr. Uday Shreeram Sakrikar, the Resolution Professional (RP) of Nakshatra Polymers, for withdrawal of Company Petition No. 1797/2019. The Company Petition was admitted on 18.10.2019. The RP made a public announcement to invite claims from creditors, with the last date for submission being 01.11.2019. The RP received a claim from Solapur District Central Co-operative Bank Limited on 31.12.2019. The first Committee of Creditors (CoC) meeting was held on 14.11.2019, where the Applicant was appointed as the RP. The third CoC meeting on 22.01.2019 revealed the CoC's unwillingness to participate, anticipating withdrawal. The Operational Creditor sent Form FA on
…Company Petition No.…
Last date for creditors…