The case pertains to CP/(IB)/798/(MB)/C-IV)/2019, involving Agrocorp International Pvt. (PTE) Ltd. as the operational creditor and National Steel and Agro Industries Limited as the corporate debtor. The Tribunal's work was suspended due to the Covid-19 pandemic. Urgent matters were heard via video conference. An application (I.A. No. 1022/2020) was filed for withdrawal after the parties settled the matter subsequent to the admission order.
Agrocorp International Pvt. (PTE) Ltd. initiated insolvency proceedings against National Steel and Agro Industries Limited under CP/(IB)/798/(MB)/C-IV)/2019. An Interim Resolution Professional (IRP), Rajeev Mannadiar, was appointed. After the admission of the case, the parties reached a settlement. The Operational Creditor received the agreed-upon dues. The Committee of Creditors was not constituted. Consequently, an application (I.A. No. 1022/2020) was filed for withdrawal of the insolvency proceedings. The Tribunal considered the settlement and the relevant regulations under the Insolvency and Bankruptcy Code.
Sign in to view the parties.
The Tribunal's work was closed due to the…
The Principal Bench allowed hearing of urgent…
The case pertains to CP/(IB)/798/(MB)/C-IV)/2019, involving Agrocorp International Pvt. (PTE) Ltd. as the operational creditor and National Steel and Agro Industries Limited as the corporate debtor. The Tribunal's work was suspended due to the Covid-19 pandemic. Urgent matters were heard via video conference. An application (I.A. No. 1022/2020) was filed for withdrawal after the parties settled the matter subsequent to the admission order.
Agrocorp International Pvt. (PTE) Ltd. initiated insolvency proceedings against National Steel and Agro Industries Limited under CP/(IB)/798/(MB)/C-IV)/2019. An Interim Resolution Professional (IRP), Rajeev Mannadiar, was appointed. After the admission of the case, the parties reached a settlement. The Operational Creditor received the agreed-upon dues. The Committee of Creditors was not constituted. Consequently, an application (I.A. No. 1022/2020) was filed for withdrawal of the insolvency proceedings. The Tribunal considered the settlement and the relevant regulations under the Insolvency and Bankruptcy Code.
The Tribunal's work was closed due to the…
The Principal Bench allowed hearing of urgent…