The case involves an application (IA-634/2022) filed in relation to Company Petition No. (IB)-3013/ND/2019 under Section 9 of the IBC, 2016. The applicant sought to allow the application under Section 12A read with regulation 30A for withdrawal of the Corporate Insolvency Resolution Process (CIRP) due to a settlement between the parties. The applicant also requested to exempt and discharge the interim resolution professional (IRP) from further action in the CIRP process and ROC filing.
M/s. Reach International filed a petition against M/s. Altech Infrastructure (P) Ltd. under Section 9 of the IBC, 2016, leading to the initiation of CIRP. Subsequently, an application (IA-634/2022) was filed seeking withdrawal of the CIRP under Section 12A due to a settlement between the parties. The IRP had received the CIRP cost and fee, and one operational creditor had filed a claim, but the COC had not been constituted. The application was admitted vide order dated 21.01.2022. The applicant submitted Form FA along with the application. The key fact is the settlement between the parties, which led to the application for withdrawal of the CIRP.
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Company Petit…
Order admitti…
The case involves an application (IA-634/2022) filed in relation to Company Petition No. (IB)-3013/ND/2019 under Section 9 of the IBC, 2016. The applicant sought to allow the application under Section 12A read with regulation 30A for withdrawal of the Corporate Insolvency Resolution Process (CIRP) due to a settlement between the parties. The applicant also requested to exempt and discharge the interim resolution professional (IRP) from further action in the CIRP process and ROC filing.
M/s. Reach International filed a petition against M/s. Altech Infrastructure (P) Ltd. under Section 9 of the IBC, 2016, leading to the initiation of CIRP. Subsequently, an application (IA-634/2022) was filed seeking withdrawal of the CIRP under Section 12A due to a settlement between the parties. The IRP had received the CIRP cost and fee, and one operational creditor had filed a claim, but the COC had not been constituted. The application was admitted vide order dated 21.01.2022. The applicant submitted Form FA along with the application. The key fact is the settlement between the parties, which led to the application for withdrawal of the CIRP.
Company Petit…
Order admitti…