The case involves an application (IA 261/KB/2021) filed by the Resolution Professional (RP) seeking leave to withdraw the underlying Company Petition. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor vide order dated 26.09.2019. A public announcement was made by the Interim Resolution Professional (IRP) on 11.10.2019, and the Committee of Creditors (CoC) was constituted on 26.12.2019. The IRP was confirmed as the RP on 04.02.2020. At the 4th meeting of the CoC on 19.02.2021, the applicant was authorized to file an application for the withdrawal of the underlying Company Petition. The resolution was passed with 100% voting.
The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 2019-09-26. An Interim Resolution Professional (IRP) was appointed, who made a public announcement on 2019-10-11. A Committee of Creditors (CoC) was constituted on 2019-12-26. The IRP was confirmed as the Resolution Professional (RP) on 2020-02-04. At a CoC meeting on 2021-02-19, a resolution was passed with 100% voting to authorize the RP to file an application for the withdrawal of the underlying Company Petition. The RP filed IA 261/KB/2021 seeking leave to withdraw the petition. The RP confirmed that all CIRP costs and fees had been paid in full and that there were no other outstanding dues. The Adjudicating Authority allowed the application, closed the CIRP, freed the
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CIRP initiated…
Public announ…
The case involves an application (IA 261/KB/2021) filed by the Resolution Professional (RP) seeking leave to withdraw the underlying Company Petition. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor vide order dated 26.09.2019. A public announcement was made by the Interim Resolution Professional (IRP) on 11.10.2019, and the Committee of Creditors (CoC) was constituted on 26.12.2019. The IRP was confirmed as the RP on 04.02.2020. At the 4th meeting of the CoC on 19.02.2021, the applicant was authorized to file an application for the withdrawal of the underlying Company Petition. The resolution was passed with 100% voting.
The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 2019-09-26. An Interim Resolution Professional (IRP) was appointed, who made a public announcement on 2019-10-11. A Committee of Creditors (CoC) was constituted on 2019-12-26. The IRP was confirmed as the Resolution Professional (RP) on 2020-02-04. At a CoC meeting on 2021-02-19, a resolution was passed with 100% voting to authorize the RP to file an application for the withdrawal of the underlying Company Petition. The RP filed IA 261/KB/2021 seeking leave to withdraw the petition. The RP confirmed that all CIRP costs and fees had been paid in full and that there were no other outstanding dues. The Adjudicating Authority allowed the application, closed the CIRP, freed the
…CIRP initiated…
Public announ…