The case involves an application seeking closure of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The parties have arrived at a settlement, and the Operational Creditor has received full and final payment. The IRP has confirmed that his fees have been fully paid by the Corporate Debtor.
Pioneer Formwork (P) Ltd initiated a CIRP against a Corporate Debtor. During the CIRP, the parties reached a settlement as per a Settlement Deed dated 19.3.2022. The Operational Creditor received full and final payment through RTGS on 17.3.2022. The IRP confirmed that his fees were fully paid by the Corporate Debtor. An application was filed seeking closure of the CIRP under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (CIRP) Regulations, 2016. The Tribunal had initiated the Insolvency Process vide order dated 15.3.2022.
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Tribunal initi…
Operational Creditor…
The case involves an application seeking closure of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The parties have arrived at a settlement, and the Operational Creditor has received full and final payment. The IRP has confirmed that his fees have been fully paid by the Corporate Debtor.
Pioneer Formwork (P) Ltd initiated a CIRP against a Corporate Debtor. During the CIRP, the parties reached a settlement as per a Settlement Deed dated 19.3.2022. The Operational Creditor received full and final payment through RTGS on 17.3.2022. The IRP confirmed that his fees were fully paid by the Corporate Debtor. An application was filed seeking closure of the CIRP under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (CIRP) Regulations, 2016. The Tribunal had initiated the Insolvency Process vide order dated 15.3.2022.
Tribunal initi…
Operational Creditor…