The case involves an application filed by the Resolution Professional (RP) for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) petition, which was initially admitted on November 7, 2019. The Financial Creditor issued Form FA for withdrawal, and the Committee of Creditors (CoC) resolved to withdraw the Company Petition with 100% majority in a meeting held on January 24, 2020.
The CIRP petition against Roma Shipping Pvt Ltd was admitted on November 7, 2019. Subsequently, the Financial Creditor, United Bank of India, issued Form FA for withdrawal of the CIRP. The CoC, in a meeting held on January 24, 2020, resolved to withdraw the Company Petition with 100% majority. The RP filed an application for withdrawal, confirming receipt of fees. The application was found to be in consonance with Section 12A of the Insolvency and Bankruptcy Code, 2016.
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The Corporate Insolvency Resolution Process…
The Committee of Creditors (CoC) resolved to…
The case involves an application filed by the Resolution Professional (RP) for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) petition, which was initially admitted on November 7, 2019. The Financial Creditor issued Form FA for withdrawal, and the Committee of Creditors (CoC) resolved to withdraw the Company Petition with 100% majority in a meeting held on January 24, 2020.
The CIRP petition against Roma Shipping Pvt Ltd was admitted on November 7, 2019. Subsequently, the Financial Creditor, United Bank of India, issued Form FA for withdrawal of the CIRP. The CoC, in a meeting held on January 24, 2020, resolved to withdraw the Company Petition with 100% majority. The RP filed an application for withdrawal, confirming receipt of fees. The application was found to be in consonance with Section 12A of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process…
The Committee of Creditors (CoC) resolved to…