The case involves an application for withdrawal of the main application being IB-415(ND)/2018 under Section 12A read with Regulation 30A of the IBBI (Corporate Insolvency resolution process for corporate persons) Regulations, 2016. The COC had initially passed a resolution for withdrawal with 89.11% of total voting, which was below the required 90%. Subsequently, after circulating the minutes of the meeting and re-voting, the COC passed the resolution with 93.28% voting.
Agarwal Sanitations filed an application against M/s Proview Infrastructure Pvt. Ltd. under Section 9 of the IBC Code, 2016. The Resolution Professional (RP) filed CA No. 120/2018, C-IV under Section 12A read with Regulation 30A of the IBBI Regulations, 2016, seeking withdrawal of the main application IB-415(ND)/2018. The COC initially approved the withdrawal with 89.11% voting, which was less than the required 90%. The COC then circulated the minutes of the meeting, conducted re-voting, and subsequently approved the withdrawal with 93.28% voting. The RP submitted Form (F)(A), the application for withdrawal of the CIRP.
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The case involves an application for withdrawal of the main application being IB-415(ND)/2018 under Section 12A read with Regulation 30A of the IBBI (Corporate Insolvency resolution process for corporate persons) Regulations, 2016. The COC had initially passed a resolution for withdrawal with 89.11% of total voting, which was below the required 90%. Subsequently, after circulating the minutes of the meeting and re-voting, the COC passed the resolution with 93.28% voting.
Agarwal Sanitations filed an application against M/s Proview Infrastructure Pvt. Ltd. under Section 9 of the IBC Code, 2016. The Resolution Professional (RP) filed CA No. 120/2018, C-IV under Section 12A read with Regulation 30A of the IBBI Regulations, 2016, seeking withdrawal of the main application IB-415(ND)/2018. The COC initially approved the withdrawal with 89.11% voting, which was less than the required 90%. The COC then circulated the minutes of the meeting, conducted re-voting, and subsequently approved the withdrawal with 93.28% voting. The RP submitted Form (F)(A), the application for withdrawal of the CIRP.
Moratorium initiated…
Order delivered on…