The Interim Resolution Professional (IRP) filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) and the Company Petition, as the operational creditor had received full payment.
The Interim Resolution Professional (IRP) filed IA-783/2023 under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) and the Company Petition C.P. (IB)/336(MB)2020. The application was taken up for hearing on March 2, 2023, via video conference, but neither counsel nor the applicant/IRP were present. The Bench proceeded to peruse the application. The Company Petition was admitted by the Bench, and CIRP was initiated through an order dated January 27, 2023. Following the admission order, the Interim Resolution Professional published Form-A on February 6, 2023, to invite claims, with the last date for submission of claims being February 17, 2023. After the petition's admission, the operational
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The Company Petition was admitted by the Bench,…
The Interim Resolution…
The Interim Resolution Professional (IRP) filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) and the Company Petition, as the operational creditor had received full payment.
The Interim Resolution Professional (IRP) filed IA-783/2023 under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) and the Company Petition C.P. (IB)/336(MB)2020. The application was taken up for hearing on March 2, 2023, via video conference, but neither counsel nor the applicant/IRP were present. The Bench proceeded to peruse the application. The Company Petition was admitted by the Bench, and CIRP was initiated through an order dated January 27, 2023. Following the admission order, the Interim Resolution Professional published Form-A on February 6, 2023, to invite claims, with the last date for submission of claims being February 17, 2023. After the petition's admission, the operational
…The Company Petition was admitted by the Bench,…
The Interim Resolution…