The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/S Sunitti Papers Private Limited. The CIRP was initiated based on an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Jitendra Lohia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and several meetings were conducted. Subsequently, the suspended member of the Board of Directors of the Corporate Debtor, Mr. Akhil Agarwal, proposed a settlement with the CoC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/S Sunitti Papers Private Limited, with Mr. Jitendra Lohia appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and 15 meetings were conducted. Akhil Agarwal, a suspended member of the Board of Directors of Sunitti Papers Private Limited, proposed a settlement with the CoC. The CoC approved the settlement and provided 'Form FA' for withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code (IBC). The CIRP costs were paid. The Resolution Professional filed an application for withdrawal of the CIRP. The CoC gave 100% consent for withdrawal. The CIRP was initiated vide order
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Company Petition…
CIRP initiated against the Corporate Debtor…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/S Sunitti Papers Private Limited. The CIRP was initiated based on an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Jitendra Lohia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and several meetings were conducted. Subsequently, the suspended member of the Board of Directors of the Corporate Debtor, Mr. Akhil Agarwal, proposed a settlement with the CoC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/S Sunitti Papers Private Limited, with Mr. Jitendra Lohia appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and 15 meetings were conducted. Akhil Agarwal, a suspended member of the Board of Directors of Sunitti Papers Private Limited, proposed a settlement with the CoC. The CoC approved the settlement and provided 'Form FA' for withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code (IBC). The CIRP costs were paid. The Resolution Professional filed an application for withdrawal of the CIRP. The CoC gave 100% consent for withdrawal. The CIRP was initiated vide order
…Company Petition…
CIRP initiated against the Corporate Debtor…