The application, IA 5875/2023, was filed by the Resolution Professional (RP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. The CoC, in its 6th meeting held on 23.10.2023, resolved with 100% voting to withdraw the CIRP.
G.S. Buildtech Pvt. Ltd. filed an application against Ardee Infrastructure Venture Pvt. Ltd. under Section 7 of the IBC, which initiated the CIRP. The Resolution Professional (RP) filed IA 5875/2023 seeking withdrawal of the CIRP based on a settlement between the parties. The Committee of Creditors (CoC) approved the withdrawal with 100% voting in its 6th meeting held on 2023-10-23. The RP was directed to handover all documents and material to the Corporate Debtor.
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The 6th Committee of Creditors (CoC) meeting…
The National Company Law Tribunal (NCLT)…
The application, IA 5875/2023, was filed by the Resolution Professional (RP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. The CoC, in its 6th meeting held on 23.10.2023, resolved with 100% voting to withdraw the CIRP.
G.S. Buildtech Pvt. Ltd. filed an application against Ardee Infrastructure Venture Pvt. Ltd. under Section 7 of the IBC, which initiated the CIRP. The Resolution Professional (RP) filed IA 5875/2023 seeking withdrawal of the CIRP based on a settlement between the parties. The Committee of Creditors (CoC) approved the withdrawal with 100% voting in its 6th meeting held on 2023-10-23. The RP was directed to handover all documents and material to the Corporate Debtor.
The 6th Committee of Creditors (CoC) meeting…
The National Company Law Tribunal (NCLT)…