IA No. 224 of 2021 was filed under Section 12A of the IBC, 2016, seeking to set aside the order initiating the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated based on a decision by the Committee of Creditors (CoC), which comprised a sole operational creditor. The Resolution Professional (RP) was involved in the process. The resolution was brought on record. The fees and expenses of the RP were paid. The court allowed the application and released the Corporate Debtor from the CIRP. The RP was directed to handover all documents/records of the Corporate Debtor to the Management of Corporate Debtor. Main CP(IB) 347 of 2018 was also disposed of and removed from the cause list.

IA No. 224 of 2021 was filed under Section 12A of the IBC, 2016, seeking to set aside the order initiating the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated based on a decision by the Committee of Creditors (CoC), which comprised a sole operational creditor. The Resolution Professional (RP) was involved in the process. The resolution was brought on record. The fees and expenses of the RP were paid. The court allowed the application and released the Corporate Debtor from the CIRP. The RP was directed to handover all documents/records of the Corporate Debtor to the Management of Corporate Debtor. Main CP(IB) 347 of 2018 was also disposed of and removed from the cause list.