The case involves an application filed by the Resolution Professional (RP) under Section 12A for the withdrawal of Corporate Insolvency Resolution Process (CIRP) initiated via CP(IB) No. 735/KB/2019. The withdrawal is sought due to a settlement reached between the Operational Creditor and the Corporate Debtor. The Committee of Creditors (CoC) has approved the withdrawal with a 100% vote share.
Samskar Financial Services Pvt. Ltd. initiated Corporate Insolvency Resolution Process (CIRP) against Votary Trading Pvt. Ltd. via CP(IB) No. 735/KB/2019. Subsequently, a settlement was reached between Samskar Financial Services Pvt. Ltd. (Operational Creditor) and Votary Trading Pvt. Ltd. (Corporate Debtor). The Resolution Professional (RP) filed an application under Section 12A of the Insolvency and Bankruptcy Code (IBC) to withdraw the CIRP. The Committee of Creditors (CoC) approved the withdrawal with a 100% vote share. The RP confirmed that all fees and costs have been discharged. The application was filed under CA(IB) No. 1490/KB/2019.
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Hearing held on…
RP filed an application…
The case involves an application filed by the Resolution Professional (RP) under Section 12A for the withdrawal of Corporate Insolvency Resolution Process (CIRP) initiated via CP(IB) No. 735/KB/2019. The withdrawal is sought due to a settlement reached between the Operational Creditor and the Corporate Debtor. The Committee of Creditors (CoC) has approved the withdrawal with a 100% vote share.
Samskar Financial Services Pvt. Ltd. initiated Corporate Insolvency Resolution Process (CIRP) against Votary Trading Pvt. Ltd. via CP(IB) No. 735/KB/2019. Subsequently, a settlement was reached between Samskar Financial Services Pvt. Ltd. (Operational Creditor) and Votary Trading Pvt. Ltd. (Corporate Debtor). The Resolution Professional (RP) filed an application under Section 12A of the Insolvency and Bankruptcy Code (IBC) to withdraw the CIRP. The Committee of Creditors (CoC) approved the withdrawal with a 100% vote share. The RP confirmed that all fees and costs have been discharged. The application was filed under CA(IB) No. 1490/KB/2019.
Hearing held on…
RP filed an application…