The case involves an application (IA(IB) No. 1366/KB/2020) filed by the Interim Resolution Professional (IRP), Mr. Rajesh Lihala, under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking leave for closure and withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against Aithent Technologies Pvt. Ltd. The CIRP was initially commenced on 13/03/2020. An appeal was filed before the NCLAT, which initially directed the IRP to hold on the constitution of the Committee of Creditors (CoC), but later withdrew the interim order. The IRP then constituted the CoC, and a meeting was convened. The applicant informed the CoC that a settlement had been reached between the Operational Creditor and the Corporate Debtor, leading to the application for
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Aithent Technologies Pvt. Ltd. on 13/03/2020. Mr. Rajesh Lihala was appointed as the Interim Resolution Professional (IRP). A public announcement was issued on 18/03/2020. An appeal was filed before the NCLAT, which initially directed the IRP to hold on the constitution of the Committee of Creditors (CoC) on 15/05/2020, but this order was withdrawn on 05/11/2020. The IRP constituted the CoC on 07/11/2020. The first CoC meeting was convened on 13/11/2020 and adjourned. The adjourned CoC meeting was reconvened on 23/11/2020, during which the IRP informed the CoC of a settlement between the Operational Creditor and the Corporate Debtor. The Operational Creditor sought withdrawal of the CIRP and
…Sign in to view the parties.
CIRP was commenced…
Public announce…
The case involves an application (IA(IB) No. 1366/KB/2020) filed by the Interim Resolution Professional (IRP), Mr. Rajesh Lihala, under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking leave for closure and withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against Aithent Technologies Pvt. Ltd. The CIRP was initially commenced on 13/03/2020. An appeal was filed before the NCLAT, which initially directed the IRP to hold on the constitution of the Committee of Creditors (CoC), but later withdrew the interim order. The IRP then constituted the CoC, and a meeting was convened. The applicant informed the CoC that a settlement had been reached between the Operational Creditor and the Corporate Debtor, leading to the application for
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Aithent Technologies Pvt. Ltd. on 13/03/2020. Mr. Rajesh Lihala was appointed as the Interim Resolution Professional (IRP). A public announcement was issued on 18/03/2020. An appeal was filed before the NCLAT, which initially directed the IRP to hold on the constitution of the Committee of Creditors (CoC) on 15/05/2020, but this order was withdrawn on 05/11/2020. The IRP constituted the CoC on 07/11/2020. The first CoC meeting was convened on 13/11/2020 and adjourned. The adjourned CoC meeting was reconvened on 23/11/2020, during which the IRP informed the CoC of a settlement between the Operational Creditor and the Corporate Debtor. The Operational Creditor sought withdrawal of the CIRP and
…CIRP was commenced…
Public announce…