An application was filed by the Interim Resolution Professional (IRP) under Section 12-A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30 A(3) of the Insolvency and Bankruptcy Board of India, seeking withdrawal of the company petition. The application stated that the Committee of Creditors (CoC) had not been constituted and the matter had been settled between the parties.
M/s. Mecasa furnishing Pvt. Ltd. filed an application against Bhasin Infotech & Infrastructure Pvt. Ltd. under Section 9 of the IBC. The IRP filed an application under Section 12-A of the IBC, 2016, read with Regulation 30 A(3) of the Insolvency and Bankruptcy Board of India, for withdrawal of the company petition. The CoC had not been constituted, and the matter was settled between the parties. The IRP confirmed that all fees had been paid, and no claims were outstanding. The present application stands allowed and the main petition stands withdrawn under Section 12-A of the IBC, 2016 as the same has been settled. Corporate Debtor stands relieved from rigours of CIRP. IRP stands discharged.
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IRP filed an application under Section 12-A…
The court allowed the…
An application was filed by the Interim Resolution Professional (IRP) under Section 12-A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30 A(3) of the Insolvency and Bankruptcy Board of India, seeking withdrawal of the company petition. The application stated that the Committee of Creditors (CoC) had not been constituted and the matter had been settled between the parties.
M/s. Mecasa furnishing Pvt. Ltd. filed an application against Bhasin Infotech & Infrastructure Pvt. Ltd. under Section 9 of the IBC. The IRP filed an application under Section 12-A of the IBC, 2016, read with Regulation 30 A(3) of the Insolvency and Bankruptcy Board of India, for withdrawal of the company petition. The CoC had not been constituted, and the matter was settled between the parties. The IRP confirmed that all fees had been paid, and no claims were outstanding. The present application stands allowed and the main petition stands withdrawn under Section 12-A of the IBC, 2016 as the same has been settled. Corporate Debtor stands relieved from rigours of CIRP. IRP stands discharged.
IRP filed an application under Section 12-A…
The court allowed the…