CA 628/2018 was filed by the Resolution Professional (RP) seeking the termination of the Corporate Insolvency Resolution (CIR) process. The submission was made that only the member of the Committee of Creditors (COC) was the Financial Creditor whose dues have been settled.
The Resolution Professional (RP) filed CA 628/2018 seeking termination of the Corporate Insolvency Resolution Process (CIRP). The sole member of the Committee of Creditors (COC) was the Financial Creditor, and their dues had been settled. The COC (100%) decided to terminate the CIRP. Form FA for withdrawing the petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) had already been filed. This indicates that the financial creditor, who was the only member of the COC, had been paid, and the COC decided to terminate the CIRP, leading to the RP filing the application for termination.
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Hearing before the New…
CA 628/2018 filed by…
CA 628/2018 was filed by the Resolution Professional (RP) seeking the termination of the Corporate Insolvency Resolution (CIR) process. The submission was made that only the member of the Committee of Creditors (COC) was the Financial Creditor whose dues have been settled.
The Resolution Professional (RP) filed CA 628/2018 seeking termination of the Corporate Insolvency Resolution Process (CIRP). The sole member of the Committee of Creditors (COC) was the Financial Creditor, and their dues had been settled. The COC (100%) decided to terminate the CIRP. Form FA for withdrawing the petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) had already been filed. This indicates that the financial creditor, who was the only member of the COC, had been paid, and the COC decided to terminate the CIRP, leading to the RP filing the application for termination.
Hearing before the New…
CA 628/2018 filed by…