The financial creditor, Kapil Arora, filed a Company Petition, (IB)-891(PB)/2018, against Vyom Infrastructure & Projects Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process ( CIRP ). This petition sought to address the default committed by the corporate debtor. Subsequently, the financial creditor filed an application, IA-2167/2020, seeking to withdraw the Company Petition. This application was supported by a resolution passed by the Committee of Creditors (CoC) on December 4, 2020, which indicated a 100% voting share in favor of the withdrawal. The application for withdrawal was made under Section 12A of the Insolvency and Bankruptcy Code, 2016.

The financial creditor, Kapil Arora, filed a Company Petition, (IB)-891(PB)/2018, against Vyom Infrastructure & Projects Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process ( CIRP ). This petition sought to address the default committed by the corporate debtor. Subsequently, the financial creditor filed an application, IA-2167/2020, seeking to withdraw the Company Petition. This application was supported by a resolution passed by the Committee of Creditors (CoC) on December 4, 2020, which indicated a 100% voting share in favor of the withdrawal. The application for withdrawal was made under Section 12A of the Insolvency and Bankruptcy Code, 2016.