The Applicant/IRP filed an application for the withdrawal of IB-258/2020. The Ld. Counsel for the IRP submitted that he had already filed the affidavit enclosing the Resolution of the CoC on August 25, 2021, but the same was not uploaded on the DMS. The counsel shared documents showing the CoC resolution dated August 13, 2021, and submitted that the CoC resolved and gave consent to withdraw the application IB-258/2020.
Arora Vinyl Pvt. Ltd. filed an application (IA-3624/2021) to withdraw IB-258/2020. The CIRP process was initiated against the Corporate Debtor based on an application by the Operational Creditor, who signed Form-FA. A settlement was reached between the parties after the CoC was constituted. The CoC resolved to authorize the IRP to file a withdrawal application, with the resolution being approved by 100% voting share. The IRP confirmed that all fees and expenses had been received. The resolution of CoC is on pages 32 & 46 of the Affidavit filed by the IRP.
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The Applicant/IRP filed an application for the withdrawal of IB-258/2020. The Ld. Counsel for the IRP submitted that he had already filed the affidavit enclosing the Resolution of the CoC on August 25, 2021, but the same was not uploaded on the DMS. The counsel shared documents showing the CoC resolution dated August 13, 2021, and submitted that the CoC resolved and gave consent to withdraw the application IB-258/2020.
Arora Vinyl Pvt. Ltd. filed an application (IA-3624/2021) to withdraw IB-258/2020. The CIRP process was initiated against the Corporate Debtor based on an application by the Operational Creditor, who signed Form-FA. A settlement was reached between the parties after the CoC was constituted. The CoC resolved to authorize the IRP to file a withdrawal application, with the resolution being approved by 100% voting share. The IRP confirmed that all fees and expenses had been received. The resolution of CoC is on pages 32 & 46 of the Affidavit filed by the IRP.
The CoC resolved to…
The Ld. Counsel for the…
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