The case involves an application filed by the Resolution Professional under Section 12(A) of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of a Company Petition. A deed of settlement was executed between the petitioner, another creditor (Varmora Granito Pvt. Ltd.), and the Corporate Debtor. The Committee of Creditors (COC) in a meeting held on May 31, 2019, with 100% voting, decided to withdraw the petition.
Solaris Creamics Pvt Ltd initiated a Corporate Insolvency Resolution Process (CIRP) against Nasban Import & Export Pvt. Ltd. An application was filed by the Resolution Professional under Section 12(A) of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Company Petition. A deed of settlement was executed between Solaris Creamics Pvt Ltd, Varmora Granito Pvt. Ltd., and Nasban Import & Export Pvt. Ltd. The Committee of Creditors (COC) in a meeting held on 31.05.2019, with 100% voting, decided to withdraw the petition. The IRP enclosed the Form FA issued by the petitioner for withdrawal of the CIRP petition.
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The Committee of Creditors (COC) held a meeting…
Order sheet of the…
The case involves an application filed by the Resolution Professional under Section 12(A) of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of a Company Petition. A deed of settlement was executed between the petitioner, another creditor (Varmora Granito Pvt. Ltd.), and the Corporate Debtor. The Committee of Creditors (COC) in a meeting held on May 31, 2019, with 100% voting, decided to withdraw the petition.
Solaris Creamics Pvt Ltd initiated a Corporate Insolvency Resolution Process (CIRP) against Nasban Import & Export Pvt. Ltd. An application was filed by the Resolution Professional under Section 12(A) of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Company Petition. A deed of settlement was executed between Solaris Creamics Pvt Ltd, Varmora Granito Pvt. Ltd., and Nasban Import & Export Pvt. Ltd. The Committee of Creditors (COC) in a meeting held on 31.05.2019, with 100% voting, decided to withdraw the petition. The IRP enclosed the Form FA issued by the petitioner for withdrawal of the CIRP petition.
The Committee of Creditors (COC) held a meeting…
Order sheet of the…