The case involves an application filed under Section 12(A) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30(A) of the IBBI (CIRP) Regulations, 2016, by the Resolution Professional (RP). Noble Co-Operative Bank Ltd., the financial creditor, had initially filed an application under Section 7 of the Code, which was admitted. Subsequently, the financial creditor submitted an application for withdrawal of the CIRP under Section 12(A), which was then placed before the Committee of Creditors (CoC).
Noble Co-Operative Bank Ltd. initiated CIRP against Wioska Mouldings Pvt. Ltd. by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted on 2018-09-12. Subsequently, Noble Co-Operative Bank Ltd. sought to withdraw the CIRP by filing an application under Section 12(A) of the IBC read with Regulation 30(A) of the IBBI (CIRP) Regulations, 2016. The Committee of Creditors (CoC) unanimously approved the withdrawal request in its meeting held on 2018-10-17. The IRP then filed an application before the NCLT for withdrawal of the CIRP. The minutes of the CoC meeting were placed on record. The CIRP process cost had been paid.
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Noble Co-Operative Bank…
The application filed…
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The case involves an application filed under Section 12(A) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30(A) of the IBBI (CIRP) Regulations, 2016, by the Resolution Professional (RP). Noble Co-Operative Bank Ltd., the financial creditor, had initially filed an application under Section 7 of the Code, which was admitted. Subsequently, the financial creditor submitted an application for withdrawal of the CIRP under Section 12(A), which was then placed before the Committee of Creditors (CoC).
Noble Co-Operative Bank Ltd. initiated CIRP against Wioska Mouldings Pvt. Ltd. by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted on 2018-09-12. Subsequently, Noble Co-Operative Bank Ltd. sought to withdraw the CIRP by filing an application under Section 12(A) of the IBC read with Regulation 30(A) of the IBBI (CIRP) Regulations, 2016. The Committee of Creditors (CoC) unanimously approved the withdrawal request in its meeting held on 2018-10-17. The IRP then filed an application before the NCLT for withdrawal of the CIRP. The minutes of the CoC meeting were placed on record. The CIRP process cost had been paid.
Noble Co-Operative Bank…
The application filed…
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