The case involves an application for withdrawal of a Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application for withdrawal was filed by the Resolution Professional under Section 12A of the Code, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The CIRP was initiated against P.R. Technoplast Private Limited by Swastik Polyvinyls Private Limited. The Resolution Professional was initially appointed as Interim Resolution Professional and later confirmed by the Committee of Creditors.
Swastik Polyvinyls Private Limited, an operational creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against P.R. Technoplast Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted on 2018-03-14. Mr. Prabhjit Singh Soni was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. Subsequently, an application was filed by the Resolution Professional under Section 12A of the Code for withdrawal of the CIRP. This application was supported by Form FA dated 2018-07-30. The Committee of Creditors, consisting of Andhra Bank with 100% voting share, approved the withdrawal application in a meeting held on 2018-08-10. The Resolution Professional then filed the application
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Mr. Prabhjit Singh Soni, registered…
The case involves an application for withdrawal of a Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application for withdrawal was filed by the Resolution Professional under Section 12A of the Code, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The CIRP was initiated against P.R. Technoplast Private Limited by Swastik Polyvinyls Private Limited. The Resolution Professional was initially appointed as Interim Resolution Professional and later confirmed by the Committee of Creditors.
Swastik Polyvinyls Private Limited, an operational creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against P.R. Technoplast Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted on 2018-03-14. Mr. Prabhjit Singh Soni was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. Subsequently, an application was filed by the Resolution Professional under Section 12A of the Code for withdrawal of the CIRP. This application was supported by Form FA dated 2018-07-30. The Committee of Creditors, consisting of Andhra Bank with 100% voting share, approved the withdrawal application in a meeting held on 2018-08-10. The Resolution Professional then filed the application
…Corporate Insolvency Resolution Process (CIRP)…
Mr. Prabhjit Singh Soni, registered…