The case involves an application filed by ThyssenKrupp Industries India Pvt Ltd, the Operational Creditor, under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI Regulations, 2016, seeking permission to withdraw the Company Petition CP(IB)No.75/9/HDB/2019. The Tribunal had previously admitted a petition under Section 9 of the IBC filed by the Operational Creditor against SRK Constructions & Projects Private Limited, the Corporate Debtor, initiating the Corporate Insolvency Resolution Process (CIRP) and appointing an Interim Resolution Professional (IRP).
ThyssenKrupp Industries India Pvt Ltd, the Operational Creditor, filed a petition under Section 9 of the IBC against SRK Constructions & Projects Private Limited, the Corporate Debtor. The NCLT admitted the petition on 2019-12-16, initiating CIRP and appointing an IRP. SRK Constructions & Projects Private Limited filed an appeal against the NCLT's order. The NCLAT passed an interim order on 2020-01-30, giving directions to the IRP. The Operational Creditor and Corporate Debtor entered into a settlement, with the Corporate Debtor paying Rs. 54,08,292/- to the Operational Creditor. The Operational Creditor then filed an application under Section 12A of the IBC to withdraw the petition. The Corporate Debtor also withdrew its appeal before the NCLAT. The IRP
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The Tribunal admitted the petition filed under…
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The case involves an application filed by ThyssenKrupp Industries India Pvt Ltd, the Operational Creditor, under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI Regulations, 2016, seeking permission to withdraw the Company Petition CP(IB)No.75/9/HDB/2019. The Tribunal had previously admitted a petition under Section 9 of the IBC filed by the Operational Creditor against SRK Constructions & Projects Private Limited, the Corporate Debtor, initiating the Corporate Insolvency Resolution Process (CIRP) and appointing an Interim Resolution Professional (IRP).
ThyssenKrupp Industries India Pvt Ltd, the Operational Creditor, filed a petition under Section 9 of the IBC against SRK Constructions & Projects Private Limited, the Corporate Debtor. The NCLT admitted the petition on 2019-12-16, initiating CIRP and appointing an IRP. SRK Constructions & Projects Private Limited filed an appeal against the NCLT's order. The NCLAT passed an interim order on 2020-01-30, giving directions to the IRP. The Operational Creditor and Corporate Debtor entered into a settlement, with the Corporate Debtor paying Rs. 54,08,292/- to the Operational Creditor. The Operational Creditor then filed an application under Section 12A of the IBC to withdraw the petition. The Corporate Debtor also withdrew its appeal before the NCLAT. The IRP
…The Tribunal admitted the petition filed under…
The NCLAT passed an…