Yes Bank Ltd. filed a petition against Namo Alloys Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC), initiating the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed. Subsequently, an application was filed by the IRP under Section 12A of the IBC, stating that the matter had been resolved. The Committee of Creditors (CoC) had been constituted, and all members unanimously agreed to withdraw the petition. The outstanding cost of CIRP was Rs. 3,95,000/-, which the Corporate Debtor was directed to pay. The court considered the documents on record and the prayer for withdrawal. The relevance of the CoC's unanimous agreement is that it signifies a settlement between the parties, justifying the

Yes Bank Ltd. filed a petition against Namo Alloys Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC), initiating the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed. Subsequently, an application was filed by the IRP under Section 12A of the IBC, stating that the matter had been resolved. The Committee of Creditors (CoC) had been constituted, and all members unanimously agreed to withdraw the petition. The outstanding cost of CIRP was Rs. 3,95,000/-, which the Corporate Debtor was directed to pay. The court considered the documents on record and the prayer for withdrawal. The relevance of the CoC's unanimous agreement is that it signifies a settlement between the parties, justifying the