The case involves two Interlocutory Applications (IAs) filed in a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (I&B Code). IA No. 1947/2020 pertains to the revival of the company after it was struck off by the Registrar of Companies (RoC). IA No. 2261/2020 is an application under Section 12A of the I&B Code for withdrawal of the CIRP.
Duskline Infrastructure Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Vertex Safety Products Pvt. Ltd. An application (IA No. 1947/2020) was filed for the revival of Vertex Safety Products Pvt. Ltd. after it was struck off by the Registrar of Companies (RoC). Another application (IA No. 2261/2020) was filed under Section 12A of the Insolvency and Bankruptcy Code (I&B Code), 2016, seeking withdrawal of the CIRP after the constitution of the Committee of Creditors (CoC). The Operational Creditor filed Form FA with the RP on 2020-11-25. The CoC approved the withdrawal of the Company Petition in its meeting held on 2020-12-01 with 100% voting share. All payments were deposited with the RP, who distributed them. The RP's fees were also paid.
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Corporate Petition (CP…
The Operational…
The case involves two Interlocutory Applications (IAs) filed in a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (I&B Code). IA No. 1947/2020 pertains to the revival of the company after it was struck off by the Registrar of Companies (RoC). IA No. 2261/2020 is an application under Section 12A of the I&B Code for withdrawal of the CIRP.
Duskline Infrastructure Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Vertex Safety Products Pvt. Ltd. An application (IA No. 1947/2020) was filed for the revival of Vertex Safety Products Pvt. Ltd. after it was struck off by the Registrar of Companies (RoC). Another application (IA No. 2261/2020) was filed under Section 12A of the Insolvency and Bankruptcy Code (I&B Code), 2016, seeking withdrawal of the CIRP after the constitution of the Committee of Creditors (CoC). The Operational Creditor filed Form FA with the RP on 2020-11-25. The CoC approved the withdrawal of the Company Petition in its meeting held on 2020-12-01 with 100% voting share. All payments were deposited with the RP, who distributed them. The RP's fees were also paid.
Corporate Petition (CP…
The Operational…