The case involves an application (IA(IB) No. 345/KB/2020) filed by the Interim Resolution Professional (IRP) for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) due to a settlement between the Operational Creditor and the Corporate Debtor. The resolution costs and fees for the services rendered by the IRP have been paid.
The Interim Resolution Professional (IRP) filed an application (IA(IB) No. 345/KB/2020) seeking the withdrawal of the Corporate Insolvency Resolution Process (CIRP). This application was based on the settlement of the claim between the Operational Creditor and the Corporate Debtor. All resolution costs and fees for the services provided by the IRP had been fully paid. The court considered this application and allowed the withdrawal of the CIRP. The case was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The case number is CP(IB)No.515/KB/2019.
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The case involves an application (IA(IB) No. 345/KB/2020) filed by the Interim Resolution Professional (IRP) for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) due to a settlement between the Operational Creditor and the Corporate Debtor. The resolution costs and fees for the services rendered by the IRP have been paid.
The Interim Resolution Professional (IRP) filed an application (IA(IB) No. 345/KB/2020) seeking the withdrawal of the Corporate Insolvency Resolution Process (CIRP). This application was based on the settlement of the claim between the Operational Creditor and the Corporate Debtor. All resolution costs and fees for the services provided by the IRP had been fully paid. The court considered this application and allowed the withdrawal of the CIRP. The case was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The case number is CP(IB)No.515/KB/2019.
Hearing held on…
Order issued on…