The case involves an application (CA(IB)No.1422/KB/2019) filed by the Corporate Debtor and the Operational Creditor for the withdrawal of the main Corporate Insolvency Resolution Process (CIRP) application under Rule 11 of NCLT Rules. The Corporate Debtor is already admitted into CIRP, but the Committee of Creditors (CoC) is yet to be formed.
The case involves Imperial Refractories Vs. Super Iron Foundry Pvt. Ltd. The Corporate Debtor is already admitted into CIRP, but the CoC is yet to be formed. An application (CA(IB)No.1422/KB/2019) was filed by the Corporate Debtor and the Operational Creditor for the withdrawal of the main CP under Rule 11 of NCLT Rules. The counsels for the Operational Creditor and Corporate Debtor appeared, along with the IRP. The matter was settled between the parties, leading to the request for withdrawal. The IRP fees of Rs. 1,00,000/- have already been paid.
Sign in to view the parties.
Hearing held on…
Corporate D…
Sign in to view related legal provisions.
The case involves an application (CA(IB)No.1422/KB/2019) filed by the Corporate Debtor and the Operational Creditor for the withdrawal of the main Corporate Insolvency Resolution Process (CIRP) application under Rule 11 of NCLT Rules. The Corporate Debtor is already admitted into CIRP, but the Committee of Creditors (CoC) is yet to be formed.
The case involves Imperial Refractories Vs. Super Iron Foundry Pvt. Ltd. The Corporate Debtor is already admitted into CIRP, but the CoC is yet to be formed. An application (CA(IB)No.1422/KB/2019) was filed by the Corporate Debtor and the Operational Creditor for the withdrawal of the main CP under Rule 11 of NCLT Rules. The counsels for the Operational Creditor and Corporate Debtor appeared, along with the IRP. The matter was settled between the parties, leading to the request for withdrawal. The IRP fees of Rs. 1,00,000/- have already been paid.
Hearing held on…
Corporate D…
Sign in to view related legal provisions.