The case involves an application filed under Rule 11 of the NCLT Rules, 2016, seeking the disposal of Company Petition No. (IB)-1632(PB)/2018, which was admitted on 12.04.2019. The Committee of Creditors (CoC) has not been constituted. The application seeks withdrawal of the Corporate Insolvency Resolution Process (CIRP) based on the judgment of the Supreme Court in the case of Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India and Ors.
Indus Tubes Ltd. filed an application/petition against The Indure Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Company Petition No. (IB)-1632(PB)/2018 was admitted on 12.04.2019. The Committee of Creditors (CoC) has not been constituted. Only one claimant responded to the public notice. The Interim Resolution Professional (IRP), Mr. Sanyam Goel, stated that all dues/expenses had been paid and nothing is due/outstanding. The applicant sought withdrawal of the CP No. (IB)-1623(PB)/2018, relying on the Supreme Court's judgment in Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India and Ors.
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Swiss Ribbons Pvt.Ltd. & Anr. v. Union of India…
Writ Petition (C) No.…
The case involves an application filed under Rule 11 of the NCLT Rules, 2016, seeking the disposal of Company Petition No. (IB)-1632(PB)/2018, which was admitted on 12.04.2019. The Committee of Creditors (CoC) has not been constituted. The application seeks withdrawal of the Corporate Insolvency Resolution Process (CIRP) based on the judgment of the Supreme Court in the case of Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India and Ors.
Indus Tubes Ltd. filed an application/petition against The Indure Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Company Petition No. (IB)-1632(PB)/2018 was admitted on 12.04.2019. The Committee of Creditors (CoC) has not been constituted. Only one claimant responded to the public notice. The Interim Resolution Professional (IRP), Mr. Sanyam Goel, stated that all dues/expenses had been paid and nothing is due/outstanding. The applicant sought withdrawal of the CP No. (IB)-1623(PB)/2018, relying on the Supreme Court's judgment in Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India and Ors.
Swiss Ribbons Pvt.Ltd. & Anr. v. Union of India…
Writ Petition (C) No.…