The case involves an application (CA No.281/2019) filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation 2016, seeking withdrawal of the petition (CP No.(IB)346/ALD/2018) under Section 9 of the IBC. The applicant/IRP submitted that Form FA has been filed by Mr. Hemant Kumar Joshi, Authorized Signatory of Operational Creditor company (Usha Martin Ltd.). The Committee of Creditors (CoC) has not yet been constituted.
Usha Martin Ltd filed an application to withdraw the Corporate Insolvency Resolution Process (CIRP) against Rudra Auto Tech Engineering Pvt Ltd. The application, CA No.281/2019, was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A of the Insolvency Resolution Process for Corporate Persons Regulation 2016. The applicant/IRP submitted Form FA, filed by Mr. Hemant Kumar Joshi, Authorized Signatory of Usha Martin Ltd. The Committee of Creditors (CoC) had not yet been constituted. A supplementary affidavit was also filed, granting Power of Attorney to Mr. Hemant Kumar Joshi, duly signed by Mr. Praveen Kumar Jain, Joint Managing Director. The operational creditor is Niraj Kumar Singh.
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The initial Corporate…
Hearing of Allahabad…
The case involves an application (CA No.281/2019) filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation 2016, seeking withdrawal of the petition (CP No.(IB)346/ALD/2018) under Section 9 of the IBC. The applicant/IRP submitted that Form FA has been filed by Mr. Hemant Kumar Joshi, Authorized Signatory of Operational Creditor company (Usha Martin Ltd.). The Committee of Creditors (CoC) has not yet been constituted.
Usha Martin Ltd filed an application to withdraw the Corporate Insolvency Resolution Process (CIRP) against Rudra Auto Tech Engineering Pvt Ltd. The application, CA No.281/2019, was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A of the Insolvency Resolution Process for Corporate Persons Regulation 2016. The applicant/IRP submitted Form FA, filed by Mr. Hemant Kumar Joshi, Authorized Signatory of Usha Martin Ltd. The Committee of Creditors (CoC) had not yet been constituted. A supplementary affidavit was also filed, granting Power of Attorney to Mr. Hemant Kumar Joshi, duly signed by Mr. Praveen Kumar Jain, Joint Managing Director. The operational creditor is Niraj Kumar Singh.
The initial Corporate…
Hearing of Allahabad…