The case involves an application filed by Mr. Anil Kumar Khicha, the IRP of M/s. Spacex Furniture Pvt Ltd., seeking withdrawal of the application. The issue has been settled to the satisfaction of the Committee of Creditors, as per the terms in Annexure-A at Page No. 38 of the Application.
Mr. Anil Kumar Khicha, the IRP of M/s. Spacex Furniture Pvt Ltd., filed an application to withdraw the insolvency application. This withdrawal was based on a settlement reached with the Committee of Creditors. A mail dated 2021-08-11 from the IRP indicated the Corporate Debtor's willingness to make a one-time full and final settlement to the Operational Creditor. The application for withdrawal was accompanied by Form FA. The terms of the settlement were contained in Annexure-A at Page No. 38 of the Application. The Corporate Debtor's willingness to settle is a key fact, as it led to the withdrawal of the insolvency application.
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Hearing held on…
Mail dated 2021-08-11 received by the IRP,…
The case involves an application filed by Mr. Anil Kumar Khicha, the IRP of M/s. Spacex Furniture Pvt Ltd., seeking withdrawal of the application. The issue has been settled to the satisfaction of the Committee of Creditors, as per the terms in Annexure-A at Page No. 38 of the Application.
Mr. Anil Kumar Khicha, the IRP of M/s. Spacex Furniture Pvt Ltd., filed an application to withdraw the insolvency application. This withdrawal was based on a settlement reached with the Committee of Creditors. A mail dated 2021-08-11 from the IRP indicated the Corporate Debtor's willingness to make a one-time full and final settlement to the Operational Creditor. The application for withdrawal was accompanied by Form FA. The terms of the settlement were contained in Annexure-A at Page No. 38 of the Application. The Corporate Debtor's willingness to settle is a key fact, as it led to the withdrawal of the insolvency application.
Hearing held on…
Mail dated 2021-08-11 received by the IRP,…