The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Real Link Engineering India Private Limited. The CIRP was initially admitted based on an application by an Operational Creditor, M/s. Marikko Industrial Chemicals, under Section 9 of the IBC. The Interim Resolution Professional (IRP), Mr. Lakshmanan Krishnan, was appointed. Subsequently, the Operational Creditor and Corporate Debtor reached a full and final settlement, leading to the application for withdrawal of the CIRP.
M/s. Real Link Engineering India Private Limited faced a Corporate Insolvency Resolution Process (CIRP) initiated by M/s. Marikko Industrial Chemicals, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted on 2021-04-21. Mr. Lakshmanan Krishnan was appointed as the Interim Resolution Professional (IRP). The IRP made public announcements in newspapers, Trinity Mirror (English) and Makkal Kural (Tamil), inviting claims from creditors. Before the formation of the Committee of Creditors, the Operational Creditor and the Corporate Debtor reached a full and final settlement, documented in a compromise memo dated 2021-05-11. The Operational Creditor sent Form FA to the Applicant/RP on 2021-05-12, as per Regulation
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IBA/1359/2…
The application filed by the Operational…
The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Real Link Engineering India Private Limited. The CIRP was initially admitted based on an application by an Operational Creditor, M/s. Marikko Industrial Chemicals, under Section 9 of the IBC. The Interim Resolution Professional (IRP), Mr. Lakshmanan Krishnan, was appointed. Subsequently, the Operational Creditor and Corporate Debtor reached a full and final settlement, leading to the application for withdrawal of the CIRP.
M/s. Real Link Engineering India Private Limited faced a Corporate Insolvency Resolution Process (CIRP) initiated by M/s. Marikko Industrial Chemicals, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted on 2021-04-21. Mr. Lakshmanan Krishnan was appointed as the Interim Resolution Professional (IRP). The IRP made public announcements in newspapers, Trinity Mirror (English) and Makkal Kural (Tamil), inviting claims from creditors. Before the formation of the Committee of Creditors, the Operational Creditor and the Corporate Debtor reached a full and final settlement, documented in a compromise memo dated 2021-05-11. The Operational Creditor sent Form FA to the Applicant/RP on 2021-05-12, as per Regulation
…IBA/1359/2…
The application filed by the Operational…