The applicant filed IA No. 296 of 2021 seeking to set aside the order of Corporate Insolvency Resolution Process (CIRP) initiated in CP(IB) No. 91 of 2020, dated 24.03.2021. The application was filed through the Interim Resolution Professional (IRP). The IRP was present during the proceedings. The applicant claimed that all disputed amounts had been paid. The Committee of Creditors (CoC) was yet to be formed. The court considered these circumstances and accepted the request to set aside the CIRP order. The Corporate Debtor was released from all rigours of the Insolvency & Bankruptcy Code, 2016. The IRP was directed to handover all records/documents of the Corporate Debtor. The key facts are the payment of disputed amounts and the non-formation of the CoC, which

The applicant filed IA No. 296 of 2021 seeking to set aside the order of Corporate Insolvency Resolution Process (CIRP) initiated in CP(IB) No. 91 of 2020, dated 24.03.2021. The application was filed through the Interim Resolution Professional (IRP). The IRP was present during the proceedings. The applicant claimed that all disputed amounts had been paid. The Committee of Creditors (CoC) was yet to be formed. The court considered these circumstances and accepted the request to set aside the CIRP order. The Corporate Debtor was released from all rigours of the Insolvency & Bankruptcy Code, 2016. The IRP was directed to handover all records/documents of the Corporate Debtor. The key facts are the payment of disputed amounts and the non-formation of the CoC, which