The case involves an application filed by the Interim Resolution Professional (IRP) to withdraw the application under the Insolvency and Bankruptcy Code (IBC). The IRP had received claims from M/s Brite Paper Product and M/s ESS AAR Pack, which have since been settled with the Corporate Debtor (CD). The Corporate Debtor was M/s Rayban Foods Pvt Ltd.
The Interim Resolution Professional (IRP) received claims from M/s Brite Paper Product for Rs. 2,49,154/- and M/s ESS AAR Pack for Rs. 27,17,202/-. These claims were settled with the Corporate Debtor (CD). The IRP filed CA-192/C-V/ND/2019 seeking permission to withdraw the application. No one appeared on behalf of the CD. The IRP confirmed that no claims were pending, and he had received his costs and fees. No Committee of Creditors (CoC) was constituted. The application was filed under Section 12(a) of the IBC, 2016.
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The case involves an application filed by the Interim Resolution Professional (IRP) to withdraw the application under the Insolvency and Bankruptcy Code (IBC). The IRP had received claims from M/s Brite Paper Product and M/s ESS AAR Pack, which have since been settled with the Corporate Debtor (CD). The Corporate Debtor was M/s Rayban Foods Pvt Ltd.
The Interim Resolution Professional (IRP) received claims from M/s Brite Paper Product for Rs. 2,49,154/- and M/s ESS AAR Pack for Rs. 27,17,202/-. These claims were settled with the Corporate Debtor (CD). The IRP filed CA-192/C-V/ND/2019 seeking permission to withdraw the application. No one appeared on behalf of the CD. The IRP confirmed that no claims were pending, and he had received his costs and fees. No Committee of Creditors (CoC) was constituted. The application was filed under Section 12(a) of the IBC, 2016.
Date of present…
Reference to an…