The case involves an application (IA-3215/2023) filed under Regulation 30(A) of the IBBI Regulations, 2016 r/w Section 12A of the IBC, 2016, seeking withdrawal of a Company Petition [C.P.(IB)/4610/MB-IV/2019]. The original Company Petition was filed under Section 9 of the IBC and admitted on 24.02.2023, initiating the Corporate Insolvency Resolution Process (CIRP) and imposing a moratorium. An Interim Resolution Professional (IRP) was appointed for the Corporate Debtor.
A Company Petition [C.P.(IB)/4610/MB-IV/2019] was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) and admitted on 24.02.2023, initiating the Corporate Insolvency Resolution Process (CIRP) for the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed. Following the admission, the IRP made a public announcement on 26.02.2023, inviting claims against the Corporate Debtor. The Committee of Creditors (CoC) was constituted. The Operational Creditor and the Corporate Debtor reached a settlement of INR 9,00,000/- via Demand Draft. The Operational Creditor communicated their intent to withdraw the case on 20.06.2023. The CoC passed a resolution with 100% vote on 24.06.2023, allowing the withdrawal of CIRP. Form FA, seeking withdrawal, was
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Company Pet…
Company Petition…
The case involves an application (IA-3215/2023) filed under Regulation 30(A) of the IBBI Regulations, 2016 r/w Section 12A of the IBC, 2016, seeking withdrawal of a Company Petition [C.P.(IB)/4610/MB-IV/2019]. The original Company Petition was filed under Section 9 of the IBC and admitted on 24.02.2023, initiating the Corporate Insolvency Resolution Process (CIRP) and imposing a moratorium. An Interim Resolution Professional (IRP) was appointed for the Corporate Debtor.
A Company Petition [C.P.(IB)/4610/MB-IV/2019] was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) and admitted on 24.02.2023, initiating the Corporate Insolvency Resolution Process (CIRP) for the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed. Following the admission, the IRP made a public announcement on 26.02.2023, inviting claims against the Corporate Debtor. The Committee of Creditors (CoC) was constituted. The Operational Creditor and the Corporate Debtor reached a settlement of INR 9,00,000/- via Demand Draft. The Operational Creditor communicated their intent to withdraw the case on 20.06.2023. The CoC passed a resolution with 100% vote on 24.06.2023, allowing the withdrawal of CIRP. Form FA, seeking withdrawal, was
…Company Pet…
Company Petition…