The case involves an application IA (IBC)/762/2021 filed under Section 12A of the IBC by the Interim Resolution Professional (IRP) for withdrawing the main company petition CP(IB) No. 75/9/HDB/2020. The Operational Creditor and Corporate Debtor have reached a settlement before the Committee of Creditors (CoC).
M/s. Microcare Computers Pvt Ltd, the Operational Creditor, initiated insolvency proceedings against M/s. Parity Systems Pv Ltd, the Corporate Debtor, under CP(IB) No. 75/9/HDB/2020. An application, IA (IBC)/762/2021, was filed by the Interim Resolution Professional (IRP) under Section 12A of the IBC to withdraw the main company petition. The Operational Creditor and Corporate Debtor reached a settlement before the Committee of Creditors (CoC). The Learned Counsel Shri. M Viswaraj appeared via video conference for the applicant. The court, after reviewing the application, found the reasons for withdrawal satisfactory.
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Hearing held on…
IA (IBC)/762/2021 filed under Section 12A by…
The case involves an application IA (IBC)/762/2021 filed under Section 12A of the IBC by the Interim Resolution Professional (IRP) for withdrawing the main company petition CP(IB) No. 75/9/HDB/2020. The Operational Creditor and Corporate Debtor have reached a settlement before the Committee of Creditors (CoC).
M/s. Microcare Computers Pvt Ltd, the Operational Creditor, initiated insolvency proceedings against M/s. Parity Systems Pv Ltd, the Corporate Debtor, under CP(IB) No. 75/9/HDB/2020. An application, IA (IBC)/762/2021, was filed by the Interim Resolution Professional (IRP) under Section 12A of the IBC to withdraw the main company petition. The Operational Creditor and Corporate Debtor reached a settlement before the Committee of Creditors (CoC). The Learned Counsel Shri. M Viswaraj appeared via video conference for the applicant. The court, after reviewing the application, found the reasons for withdrawal satisfactory.
Hearing held on…
IA (IBC)/762/2021 filed under Section 12A by…