The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) to withdraw the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Natural Power Asia Pvt Ltd. The Resolution Professional (RP) stated that the matter has been amicably settled between the parties, and the Operational Creditor has issued Form FA, which is filed with the application.
An application, IA No.363/2021, was filed under Section 12A of the IB Code to withdraw the CIRP against the Corporate Debtor, Natural Power Asia Pvt Ltd. The Resolution Professional (RP) informed the court that the matter had been amicably settled between the parties. The Operational Creditor had issued Form FA, which was filed along with the application. The key fact is the amicable settlement between the parties, leading to the withdrawal request. The filing of Form FA by the Operational Creditor signifies their consent to the withdrawal of the CIRP.
Sign in to view the parties.
Hearing held on…
The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) to withdraw the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Natural Power Asia Pvt Ltd. The Resolution Professional (RP) stated that the matter has been amicably settled between the parties, and the Operational Creditor has issued Form FA, which is filed with the application.
An application, IA No.363/2021, was filed under Section 12A of the IB Code to withdraw the CIRP against the Corporate Debtor, Natural Power Asia Pvt Ltd. The Resolution Professional (RP) informed the court that the matter had been amicably settled between the parties. The Operational Creditor had issued Form FA, which was filed along with the application. The key fact is the amicable settlement between the parties, leading to the withdrawal request. The filing of Form FA by the Operational Creditor signifies their consent to the withdrawal of the CIRP.
Hearing held on…