The case involves an application (IA No. 158/2019) filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application seeks permission to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against Subhodaya Digital Entertainment Pvt Ltd. The CIRP was initiated based on an application filed by Star India Private Limited under Section 9 of the IBC, which was admitted on 20.12.2018. The Committee of Creditors (CoC) approved the withdrawal with 100% voting share.
Star India Private Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Subhodaya Digital Entertainment Private Limited by filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application, CP (IB) No.342/9/HDB/2018, was admitted on December 20, 2018. Subsequently, the Interim Resolution Professional (IRP) made a public announcement and invited claims against the Corporate Debtor. Star India Private Limited, the original petitioner, filed its claim as per Form-B, which was verified and accepted by the IRP. Later, Star India Private Limited submitted Form-FA dated February 21, 2019, for withdrawal of the CIRP, as per Regulation 30A of the IBBI Regulations. The Committee of Creditors
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The application under Section 9 of IBC filed by…
The Operational…
The case involves an application (IA No. 158/2019) filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application seeks permission to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against Subhodaya Digital Entertainment Pvt Ltd. The CIRP was initiated based on an application filed by Star India Private Limited under Section 9 of the IBC, which was admitted on 20.12.2018. The Committee of Creditors (CoC) approved the withdrawal with 100% voting share.
Star India Private Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Subhodaya Digital Entertainment Private Limited by filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application, CP (IB) No.342/9/HDB/2018, was admitted on December 20, 2018. Subsequently, the Interim Resolution Professional (IRP) made a public announcement and invited claims against the Corporate Debtor. Star India Private Limited, the original petitioner, filed its claim as per Form-B, which was verified and accepted by the IRP. Later, Star India Private Limited submitted Form-FA dated February 21, 2019, for withdrawal of the CIRP, as per Regulation 30A of the IBBI Regulations. The Committee of Creditors
…The application under Section 9 of IBC filed by…
The Operational…