The case involves an application filed by the Resolution Professional seeking an order under Section 12A of the Insolvency and Bankruptcy Code, 2016, for withdrawal of the Corporate Insolvency Resolution Process (CIRP) against Sitaram Maharaj Sakhar Karkhana (Khardi) Ltd. The Committee of Creditors (CoC) had approved the withdrawal of CIRP after the erstwhile management of the Corporate Debtor deposited ₹14.0 crores in an escrow account with Dena Bank (now Bank of Baroda).
Dena Bank (now Bank of Baroda) initiated Corporate Insolvency Resolution Process (CIRP) against Sitaram Maharaj Sakhar Karkhana (Khardi) Ltd. The Committee of Creditors (CoC) approved the withdrawal of the CIRP after the Corporate Debtor deposited ₹14.0 crores in an escrow account. The Resolution Professional (RP) filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the CIRP. The bank submitted Form FA for withdrawal of CIRP. The Corporate Debtor undertook to pay the outstanding CIRP costs. No Expression of Interest (Eol) was ever invited in this case. MA 2194/2019 was filed for urgent mentioning of MA 2210/2019 u/s 12A. MA 2029/2019 was also filed by the RP.
Sign in to view the parties.
MA 2194/2019 filed for…
Application filed by…
The case involves an application filed by the Resolution Professional seeking an order under Section 12A of the Insolvency and Bankruptcy Code, 2016, for withdrawal of the Corporate Insolvency Resolution Process (CIRP) against Sitaram Maharaj Sakhar Karkhana (Khardi) Ltd. The Committee of Creditors (CoC) had approved the withdrawal of CIRP after the erstwhile management of the Corporate Debtor deposited ₹14.0 crores in an escrow account with Dena Bank (now Bank of Baroda).
Dena Bank (now Bank of Baroda) initiated Corporate Insolvency Resolution Process (CIRP) against Sitaram Maharaj Sakhar Karkhana (Khardi) Ltd. The Committee of Creditors (CoC) approved the withdrawal of the CIRP after the Corporate Debtor deposited ₹14.0 crores in an escrow account. The Resolution Professional (RP) filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the CIRP. The bank submitted Form FA for withdrawal of CIRP. The Corporate Debtor undertook to pay the outstanding CIRP costs. No Expression of Interest (Eol) was ever invited in this case. MA 2194/2019 was filed for urgent mentioning of MA 2210/2019 u/s 12A. MA 2029/2019 was also filed by the RP.
MA 2194/2019 filed for…
Application filed by…