The Oriental Bank of Commerce initiated CIRP against M/s. Radhey Sham Tandon (MFG) Pvt Ltd. The petition was admitted on 07.02.2019, triggering the CIRP. Subsequently, the Hon'ble Supreme Court, following the dictum of para 52 of the judgment rendered in Civil Appeal No. 99/2018 dated 25.01.2019 in the case of Swiss Ribbons Pvt. Ltd. & Anr. v. Union Bank of India & Ors., permitted the withdrawal of the CIRP. The charges of the IRP expenses/fee of the IRP stand paid as stated by the counsel for the IRP which has also been recorded in the Appellate Tribunal order. Consequently, the proceedings were brought to an end, and the case was closed.

The Oriental Bank of Commerce initiated CIRP against M/s. Radhey Sham Tandon (MFG) Pvt Ltd. The petition was admitted on 07.02.2019, triggering the CIRP. Subsequently, the Hon'ble Supreme Court, following the dictum of para 52 of the judgment rendered in Civil Appeal No. 99/2018 dated 25.01.2019 in the case of Swiss Ribbons Pvt. Ltd. & Anr. v. Union Bank of India & Ors., permitted the withdrawal of the CIRP. The charges of the IRP expenses/fee of the IRP stand paid as stated by the counsel for the IRP which has also been recorded in the Appellate Tribunal order. Consequently, the proceedings were brought to an end, and the case was closed.