The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/S Rajhans Industries Pvt. Ltd. The CIRP was initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application for withdrawal was filed under Section 12-A of the IBC, read with Regulation 30-A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The CIRP application was admitted on 05.08.2021. An appeal against the admission order was filed before the NCLAT by Mr. Jugal Kishore Parihar, a suspended director of the Corporate Debtor. Subsequently, a settlement was reached between the parties, and the Resolution Professional (RP) sought the approval of the Committee of Creditors (CoC) for the
…M/S Nand Kishore Parihar & Ors. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/S Rajhans Industries Pvt. Ltd. The CIRP application was admitted on 05.08.2021. Jugal Kishore Parihar, a suspended director of the Corporate Debtor, filed an appeal before the NCLAT against the admission order. Subsequently, Jugal Kishore Parihar expressed willingness to pay Rs. 29,50,583 to Nand Kishore Parihar. The Resolution Professional (RP) convened a meeting of the Committee of Creditors (CoC), which approved the withdrawal of the CIRP application with 95.25% voting. Nand Kishore Parihar submitted Form-FA as per Section 12-A of the IBC. The NCLAT granted a stay on the CIRP proceedings. The RP sought consideration of the
…Sign in to view the parties.
CIRP application…
First meeting of the…
Sign in to view related legal provisions.
The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/S Rajhans Industries Pvt. Ltd. The CIRP was initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application for withdrawal was filed under Section 12-A of the IBC, read with Regulation 30-A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The CIRP application was admitted on 05.08.2021. An appeal against the admission order was filed before the NCLAT by Mr. Jugal Kishore Parihar, a suspended director of the Corporate Debtor. Subsequently, a settlement was reached between the parties, and the Resolution Professional (RP) sought the approval of the Committee of Creditors (CoC) for the
…M/S Nand Kishore Parihar & Ors. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/S Rajhans Industries Pvt. Ltd. The CIRP application was admitted on 05.08.2021. Jugal Kishore Parihar, a suspended director of the Corporate Debtor, filed an appeal before the NCLAT against the admission order. Subsequently, Jugal Kishore Parihar expressed willingness to pay Rs. 29,50,583 to Nand Kishore Parihar. The Resolution Professional (RP) convened a meeting of the Committee of Creditors (CoC), which approved the withdrawal of the CIRP application with 95.25% voting. Nand Kishore Parihar submitted Form-FA as per Section 12-A of the IBC. The NCLAT granted a stay on the CIRP proceedings. The RP sought consideration of the
…CIRP application…
First meeting of the…
Sign in to view related legal provisions.