A company petition (CP/636/IB/2019) was filed, leading to the initiation of CIRP against a Corporate Debtor. Subsequently, the parties reached a settlement and entered into a Memorandum of Compromise on 22.02.2020. An application was filed to withdraw the company petition. The IRP was informed of the settlement. The IRP filed a report stating that the CoC had been constituted, comprising Asset Recovery Management Branch, Indian Overseas Bank and Indian Overseas Bank, Large Corporate Branch. The Operational Creditor communicated to the IRP to proceed with the application under Section 12-A of IBC, 2016, for withdrawal. The IRP's report on the constitution of the CoC was received on 24.02.2020 at 15.11 P.M., after the e-mail communication from the Operational Creditor.

A company petition (CP/636/IB/2019) was filed, leading to the initiation of CIRP against a Corporate Debtor. Subsequently, the parties reached a settlement and entered into a Memorandum of Compromise on 22.02.2020. An application was filed to withdraw the company petition. The IRP was informed of the settlement. The IRP filed a report stating that the CoC had been constituted, comprising Asset Recovery Management Branch, Indian Overseas Bank and Indian Overseas Bank, Large Corporate Branch. The Operational Creditor communicated to the IRP to proceed with the application under Section 12-A of IBC, 2016, for withdrawal. The IRP's report on the constitution of the CoC was received on 24.02.2020 at 15.11 P.M., after the e-mail communication from the Operational Creditor.