This is an Interlocutory Application (IA) under section 12A of the Insolvency and Bankruptcy Code 2016, filed by the Resolution Professional (RP) of Nakshatra Polymers (India) Private Limited for withdrawal of Company Petition No. 1797/2019. The petition was admitted by the Adjudicating Authority on 18.10.2019. The RP made a public announcement inviting claims from creditors, with a last date of 01.11.2019 for submission. The RP received a claim from Solapur District Central Co-operative Bank Limited on 31.12.2019.
The Resolution Professional (RP) of Nakshatra Polymers (India) Private Limited filed an Interlocutory Application (IA) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of Company Petition No. 1797/2019. The petition had been admitted on 18.10.2019. A public announcement was made to invite claims from creditors, with a deadline of 01.11.2019. The RP received a claim from Solapur District Central Co-operative Bank Limited on 31.12.2019. Several CoC meetings were held, and the CoC expressed reluctance to participate in a meeting due to the anticipation of the matter being withdrawn. The Operational Creditor sent Form FA, and a revised Form FA was received by the RP. The fourth CoC meeting was held to discuss and approve the withdrawal
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Company Petition No.…
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This is an Interlocutory Application (IA) under section 12A of the Insolvency and Bankruptcy Code 2016, filed by the Resolution Professional (RP) of Nakshatra Polymers (India) Private Limited for withdrawal of Company Petition No. 1797/2019. The petition was admitted by the Adjudicating Authority on 18.10.2019. The RP made a public announcement inviting claims from creditors, with a last date of 01.11.2019 for submission. The RP received a claim from Solapur District Central Co-operative Bank Limited on 31.12.2019.
The Resolution Professional (RP) of Nakshatra Polymers (India) Private Limited filed an Interlocutory Application (IA) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of Company Petition No. 1797/2019. The petition had been admitted on 18.10.2019. A public announcement was made to invite claims from creditors, with a deadline of 01.11.2019. The RP received a claim from Solapur District Central Co-operative Bank Limited on 31.12.2019. Several CoC meetings were held, and the CoC expressed reluctance to participate in a meeting due to the anticipation of the matter being withdrawn. The Operational Creditor sent Form FA, and a revised Form FA was received by the RP. The fourth CoC meeting was held to discuss and approve the withdrawal
…Company Petition No.…
Last date for c…