The case involves an application (MA 4102/2019) filed by the Interim Resolution Professional (IRP), Mr. Paras KhimjiSavlaunder, under section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, for the withdrawal of Corporate Insolvency Resolution Process (CIRP) initiated against ShivamParivar Developers Private Limited (Corporate Debtor). The CIRP was initiated by an order of the Mumbai Bench of the National Company Law Tribunal (NCLT) dated 13.12.2019. The Financial Creditor and Corporate Debtor entered into Consent Terms dated 19.12.2019, and the Financial Creditor agreed to withdraw the Company Petition.
The Corporate Insolvency Resolution Process (CIRP) was initiated against ShivamParivar Developers Private Limited by an order dated 13.12.2019. The Financial Creditor and the Corporate Debtor entered into Consent Terms on 19.12.2019. The Financial Creditor agreed to withdraw the Company Petition. The Interim Resolution Professional (IRP) filed an application (MA 4102/2019) under section 12A of the IBC for withdrawal of the CIRP. The application was filed before the formation of the Committee of Creditors (CoC). Public announcement was made on 16.12.2019 regarding the admission order. Form FA was received from the Financial Creditor on 19.12.2019. The Corporate Debtor is required to pay costs of ₹1,00,000 to the Prime Minister's National Relief Fund by 20.01.2020.
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Corporate Insolvency Resolution Process…
Public announcement…
The case involves an application (MA 4102/2019) filed by the Interim Resolution Professional (IRP), Mr. Paras KhimjiSavlaunder, under section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, for the withdrawal of Corporate Insolvency Resolution Process (CIRP) initiated against ShivamParivar Developers Private Limited (Corporate Debtor). The CIRP was initiated by an order of the Mumbai Bench of the National Company Law Tribunal (NCLT) dated 13.12.2019. The Financial Creditor and Corporate Debtor entered into Consent Terms dated 19.12.2019, and the Financial Creditor agreed to withdraw the Company Petition.
The Corporate Insolvency Resolution Process (CIRP) was initiated against ShivamParivar Developers Private Limited by an order dated 13.12.2019. The Financial Creditor and the Corporate Debtor entered into Consent Terms on 19.12.2019. The Financial Creditor agreed to withdraw the Company Petition. The Interim Resolution Professional (IRP) filed an application (MA 4102/2019) under section 12A of the IBC for withdrawal of the CIRP. The application was filed before the formation of the Committee of Creditors (CoC). Public announcement was made on 16.12.2019 regarding the admission order. Form FA was received from the Financial Creditor on 19.12.2019. The Corporate Debtor is required to pay costs of ₹1,00,000 to the Prime Minister's National Relief Fund by 20.01.2020.
Corporate Insolvency Resolution Process…
Public announcement…