The application, IA/875(AHM)2021, was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the withdrawal of the main Corporate Insolvency Resolution Process (CIRP) application, CP(IB) 39 of 2019, after its admission. The Committee of Creditors (CoC) convened on November 23, 2021, and unanimously resolved to withdraw the matter with 100% votes.
Bank of Baroda filed a Corporate Insolvency Resolution Process (CIRP) application, CP(IB) 39 of 2019, against Vardhman Vitrified Pvt Ltd. The application was admitted. Subsequently, IA/875(AHM)2021 was filed under Section 12A of the IBC, 2016, seeking withdrawal of the CIRP application. The Committee of Creditors (CoC) met on November 23, 2021, and passed a resolution with 100% votes to withdraw the matter, indicating a settlement. The application for withdrawal was based on the settlement of the matter.
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Corporate Insolvency…
The Committee of Creditors (CoC) met and passed…
The application, IA/875(AHM)2021, was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the withdrawal of the main Corporate Insolvency Resolution Process (CIRP) application, CP(IB) 39 of 2019, after its admission. The Committee of Creditors (CoC) convened on November 23, 2021, and unanimously resolved to withdraw the matter with 100% votes.
Bank of Baroda filed a Corporate Insolvency Resolution Process (CIRP) application, CP(IB) 39 of 2019, against Vardhman Vitrified Pvt Ltd. The application was admitted. Subsequently, IA/875(AHM)2021 was filed under Section 12A of the IBC, 2016, seeking withdrawal of the CIRP application. The Committee of Creditors (CoC) met on November 23, 2021, and passed a resolution with 100% votes to withdraw the matter, indicating a settlement. The application for withdrawal was based on the settlement of the matter.
Corporate Insolvency…
The Committee of Creditors (CoC) met and passed…