CFM Assets Reconstruction Private Limited, the Applicant/Assignee, filed an Interlocutory Application under section 60(5) and section 12A of the Insolvency & Bankruptcy Code, 2016 (I&B Code). The application challenged the Interim Resolution Professional's (IRP) refusal to file an application for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) of Oasis Alcohol Limited, the Corporate Debtor. The Applicant is the assignee of Janata Sahakari Bank Limited, the original Financial Creditor, whose petition for CIRP was admitted on August 4, 2020, leading to the appointment of Mr. Vishram Narayan Panchpor as IRP. The Financial Creditor assigned the loan and underlying security interest to the Applicant via an Assignment Agreement dated

CFM Assets Reconstruction Private Limited, the Applicant/Assignee, filed an Interlocutory Application under section 60(5) and section 12A of the Insolvency & Bankruptcy Code, 2016 (I&B Code). The application challenged the Interim Resolution Professional's (IRP) refusal to file an application for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) of Oasis Alcohol Limited, the Corporate Debtor. The Applicant is the assignee of Janata Sahakari Bank Limited, the original Financial Creditor, whose petition for CIRP was admitted on August 4, 2020, leading to the appointment of Mr. Vishram Narayan Panchpor as IRP. The Financial Creditor assigned the loan and underlying security interest to the Applicant via an Assignment Agreement dated