The case involves a Company Application No. 289/2019 in Company Petition No. 313/ALD/2018 before the National Company Law Tribunal (NCLT) at Allahabad. The application was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation, 2016. The Resolution Professional, Pramod Kumar Sharma, filed an application for withdrawal of the application filed under Section 9 against the Corporate Debtor, M/s Pureshot Food & Beverages Pvt. Ltd. The Resolution Professional was appointed as Interim Resolution Professional in CP No. 313/ALD/2018 vide order dated 29.01.2019.
The Resolution Professional, Pramod Kumar Sharma, filed an application for withdrawal of the CIRP initiated against M/s Pureshot Food & Beverages Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code. The application was filed because the COC members were unable to afford the increasing CIRP expenses. The authorized representative of Ansh Contractors, Naveen Kumar Sharma, who was a COC member, attended the COC meeting and agreed to the withdrawal. The COC unanimously agreed to the withdrawal subject to the payment of CIRP costs amounting to Rs. 3,52,000/-. The Operational Creditor's Form was duly signed and placed before the COC meeting, which approved it with 93.32% voting rights. The last date to file claims was 11.02.2019, and the applicant received
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The case involves a Company Application No. 289/2019 in Company Petition No. 313/ALD/2018 before the National Company Law Tribunal (NCLT) at Allahabad. The application was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation, 2016. The Resolution Professional, Pramod Kumar Sharma, filed an application for withdrawal of the application filed under Section 9 against the Corporate Debtor, M/s Pureshot Food & Beverages Pvt. Ltd. The Resolution Professional was appointed as Interim Resolution Professional in CP No. 313/ALD/2018 vide order dated 29.01.2019.
The Resolution Professional, Pramod Kumar Sharma, filed an application for withdrawal of the CIRP initiated against M/s Pureshot Food & Beverages Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code. The application was filed because the COC members were unable to afford the increasing CIRP expenses. The authorized representative of Ansh Contractors, Naveen Kumar Sharma, who was a COC member, attended the COC meeting and agreed to the withdrawal. The COC unanimously agreed to the withdrawal subject to the payment of CIRP costs amounting to Rs. 3,52,000/-. The Operational Creditor's Form was duly signed and placed before the COC meeting, which approved it with 93.32% voting rights. The last date to file claims was 11.02.2019, and the applicant received
…Company Petit…
Order was passed appointing the…