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, with a resolution passed by 100% voting.
The CIRP was initiated against the Corporate Debtor on 2019-09-26. The IRP made a public announcement on 2019-10-11. The CoC was constituted on 2019-12-26. The IRP was confirmed as RP on 2020-02-04. The CoC authorized the RP to file an application for withdrawal of the Company Petition in its meeting held on 2021-02-19, with 100% voting in favor. The RP confirmed that all CIRP costs and fees were paid in full, and no dues were pending to any creditor. The RP filed IA 261/KB/2021 seeking leave to withdraw the underlying Company Petition.
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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, with a resolution passed by 100% voting.
The CIRP was initiated against the Corporate Debtor on 2019-09-26. The IRP made a public announcement on 2019-10-11. The CoC was constituted on 2019-12-26. The IRP was confirmed as RP on 2020-02-04. The CoC authorized the RP to file an application for withdrawal of the Company Petition in its meeting held on 2021-02-19, with 100% voting in favor. The RP confirmed that all CIRP costs and fees were paid in full, and no dues were pending to any creditor. The RP filed IA 261/KB/2021 seeking leave to withdraw the underlying Company Petition.
CIRP initiated…
Public announ…