The Corporate Insolvency Resolution Process (CIRP) was initiated against Nobile Ice Cream Co. Pvt. Ltd. on 21/02/2020. Mr. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 28/02/2020, but no claims were received from creditors. On 17/03/2020, one of the suspended members of the Corporate Debtor reached a settlement with the petitioning creditor. The IRP's fees of Rs.50,000/- were paid in full. The IRP then filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking leave for closure and withdrawal of the CIRP. The key fact is the settlement between the parties and the absence of any claims from creditors, which formed the basis for the court's decision to allow the

The Corporate Insolvency Resolution Process (CIRP) was initiated against Nobile Ice Cream Co. Pvt. Ltd. on 21/02/2020. Mr. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 28/02/2020, but no claims were received from creditors. On 17/03/2020, one of the suspended members of the Corporate Debtor reached a settlement with the petitioning creditor. The IRP's fees of Rs.50,000/- were paid in full. The IRP then filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking leave for closure and withdrawal of the CIRP. The key fact is the settlement between the parties and the absence of any claims from creditors, which formed the basis for the court's decision to allow the