The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). A compliance affidavit related to an order dated 2025-04-23 has been filed. The operational creditor is listed as the only sundry creditor, excluding unsecured loans from relatives. The operational creditor is also the only member of the Committee of Creditors (COC).
M/s. Polyhose India Private Limited filed an application against Aadnath Trade Wings Pvt Ltd under Section 9 of the IBC. A compliance affidavit related to the order dated 2025-04-23 has been filed. The Operational Creditor is listed as the only sundry creditor, excluding unsecured loans from relatives, and is also the only member of the COC. The OC submitted a settlement agreement on 2025-04-04, and the proposal for filing a withdrawal application under Section 12A of the IBC was approved in the second COC meeting. The matter is settled between both parties. The withdrawal petition under Section 12 A was filed for a claim amount of Rs. 7,80,06,162, against which the RP had admitted a claim of Rs. 3,07,09,934. The CIRP proceedings have been withdrawn based on the
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Compliance affidavit to…
Period ending Feb 18, 2025, the Operational…
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The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). A compliance affidavit related to an order dated 2025-04-23 has been filed. The operational creditor is listed as the only sundry creditor, excluding unsecured loans from relatives. The operational creditor is also the only member of the Committee of Creditors (COC).
M/s. Polyhose India Private Limited filed an application against Aadnath Trade Wings Pvt Ltd under Section 9 of the IBC. A compliance affidavit related to the order dated 2025-04-23 has been filed. The Operational Creditor is listed as the only sundry creditor, excluding unsecured loans from relatives, and is also the only member of the COC. The OC submitted a settlement agreement on 2025-04-04, and the proposal for filing a withdrawal application under Section 12A of the IBC was approved in the second COC meeting. The matter is settled between both parties. The withdrawal petition under Section 12 A was filed for a claim amount of Rs. 7,80,06,162, against which the RP had admitted a claim of Rs. 3,07,09,934. The CIRP proceedings have been withdrawn based on the
…Compliance affidavit to…
Period ending Feb 18, 2025, the Operational…
Sign in to view related legal provisions.