The case pertains to CP(IB) 840 of 2019, filed under Section 12A of the Insolvency and Bankruptcy Code 2016. An application was filed for withdrawal of the Corporate Insolvency Resolution Process (CIRP). The IRP informed the court that the Committee of Creditors (COC) has been constituted, but it consists of only one member, the Operational Creditor. There are no Financial Creditors involved. The Operational Creditor and the Corporate Debtor have reached a settlement, and the Corporate Debtor has paid the total amount due to the Operational Creditor.
Abis Exports(India) Pvt Ltd was facing a Corporate Insolvency Resolution Process (CIRP) initiated through CP(IB) 840/2019. Saaurabh Jhaveri was the IRP of Oasis Marien Pvt Ltd. The application for CIRP was filed under Section 12A of the Insolvency and Bankruptcy Code 2016. The Operational Creditor and the Corporate Debtor reached a settlement, with the Corporate Debtor paying the total amount due to the Operational Creditor. The Committee of Creditors (COC) consisted of only one member, the Operational Creditor. The IRP submitted that the Operational Creditor had cleared his dues. The order of admission was passed on 2021-02-15.
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CP(IB) 840/20…
Order of admission passed admitting the CP(IB)…
The case pertains to CP(IB) 840 of 2019, filed under Section 12A of the Insolvency and Bankruptcy Code 2016. An application was filed for withdrawal of the Corporate Insolvency Resolution Process (CIRP). The IRP informed the court that the Committee of Creditors (COC) has been constituted, but it consists of only one member, the Operational Creditor. There are no Financial Creditors involved. The Operational Creditor and the Corporate Debtor have reached a settlement, and the Corporate Debtor has paid the total amount due to the Operational Creditor.
Abis Exports(India) Pvt Ltd was facing a Corporate Insolvency Resolution Process (CIRP) initiated through CP(IB) 840/2019. Saaurabh Jhaveri was the IRP of Oasis Marien Pvt Ltd. The application for CIRP was filed under Section 12A of the Insolvency and Bankruptcy Code 2016. The Operational Creditor and the Corporate Debtor reached a settlement, with the Corporate Debtor paying the total amount due to the Operational Creditor. The Committee of Creditors (COC) consisted of only one member, the Operational Creditor. The IRP submitted that the Operational Creditor had cleared his dues. The order of admission was passed on 2021-02-15.
CP(IB) 840/20…
Order of admission passed admitting the CP(IB)…