The Operational Creditor initiated a CIR process and filed IA No. 174/CTB/2019 seeking its admission. Subsequently, the Operational Creditor filed an application for withdrawal of TP No. 09/CTB/2019 in CP(IB) No. 1538/KB/2018. The Corporate Debtor, Operational Creditor, and RP submitted that no COC had been constituted. The court relied on the decision in 'Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors.', W.P.(C) 99/2018. The key fact is that the COC was not constituted, leading to the termination of the CIR process.

The Operational Creditor initiated a CIR process and filed IA No. 174/CTB/2019 seeking its admission. Subsequently, the Operational Creditor filed an application for withdrawal of TP No. 09/CTB/2019 in CP(IB) No. 1538/KB/2018. The Corporate Debtor, Operational Creditor, and RP submitted that no COC had been constituted. The court relied on the decision in 'Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors.', W.P.(C) 99/2018. The key fact is that the COC was not constituted, leading to the termination of the CIR process.