Dheemahi Productions initiated Corporate Insolvency Resolution Process (CIRP) against Annapurna Broadcasting Private Limited by filing CP(IB) No. 86/9/AMR/2022, which was admitted on 2022-09-27. Subsequently, Dheemahi Productions filed IA(IBC)/241/2022 under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the CIRP. The Interim Resolution Professional (IRP) confirmed that complete fees had been received and Form-FA was filed. The application was filed before the constitution of the Committee of Creditors (CoC). The key fact is that the application for withdrawal was made before the CoC was formed, which is relevant because Regulation 30A(1)(a) of the IBC (CIRP) Regulations, 2016, permits such applications.

Dheemahi Productions initiated Corporate Insolvency Resolution Process (CIRP) against Annapurna Broadcasting Private Limited by filing CP(IB) No. 86/9/AMR/2022, which was admitted on 2022-09-27. Subsequently, Dheemahi Productions filed IA(IBC)/241/2022 under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the CIRP. The Interim Resolution Professional (IRP) confirmed that complete fees had been received and Form-FA was filed. The application was filed before the constitution of the Committee of Creditors (CoC). The key fact is that the application for withdrawal was made before the CoC was formed, which is relevant because Regulation 30A(1)(a) of the IBC (CIRP) Regulations, 2016, permits such applications.