The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Skyhigh Infraprojects Private Limited. M/s Orion Infrabuild Pvt Ltd, the financial creditor, had filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted by the court on 07.01.2020. CIRP was initiated, and Mr. Amar Pal was appointed as the Interim Resolution Professional. Subsequently, CA. Amit Agarwal replaced Mr. Amar Pal as the Resolution Professional (RP) on 02.03.2020. The RP then moved an application for withdrawal of the CIRP based on a settlement agreement.
M/s Orion Infrabuild Pvt Ltd (Financial Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against M/s Skyhigh Infraprojects Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 07.01.2020, and CIRP was initiated. Mr. Amar Pal was appointed as the Interim Resolution Professional, later replaced by CA. Amit Agarwal. The Resolution Professional (RP) filed an application (IA No. 134/2020) under section 12A of I&B code, 2016 r/w Regulation 30A of the I&B Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, praying for withdrawal of application no. CP (IB) NO. 358/ALD/2019. Before the last date of submission of the Resolution Plan
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The Court admitted the application under Section…
Mr. Amar Pal was…
The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Skyhigh Infraprojects Private Limited. M/s Orion Infrabuild Pvt Ltd, the financial creditor, had filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted by the court on 07.01.2020. CIRP was initiated, and Mr. Amar Pal was appointed as the Interim Resolution Professional. Subsequently, CA. Amit Agarwal replaced Mr. Amar Pal as the Resolution Professional (RP) on 02.03.2020. The RP then moved an application for withdrawal of the CIRP based on a settlement agreement.
M/s Orion Infrabuild Pvt Ltd (Financial Creditor) initiated Corporate Insolvency Resolution Process (CIRP) against M/s Skyhigh Infraprojects Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 07.01.2020, and CIRP was initiated. Mr. Amar Pal was appointed as the Interim Resolution Professional, later replaced by CA. Amit Agarwal. The Resolution Professional (RP) filed an application (IA No. 134/2020) under section 12A of I&B code, 2016 r/w Regulation 30A of the I&B Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, praying for withdrawal of application no. CP (IB) NO. 358/ALD/2019. Before the last date of submission of the Resolution Plan
…The Court admitted the application under Section…
Mr. Amar Pal was…