The case involves Edelweiss Asset Reconstruction Company Pvt. Ltd. as the applicant/petitioner and Bhisham Infrastructure Pvt. Ltd. as the respondent. The matter pertains to an order under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Resolution Professional proposed withdrawal of the main petition (CP No. IB-192(PB)/2019), which was submitted in Form FA. The Special Bench ordered notice to be served on the Financial Creditor. Mr. Ashutosh Misra, representing the Financial Creditor, filed an application for withdrawal of CIRP under Regulation 30A of the IBBI Regulations 2016.
Edelweiss Asset Reconstruction Company Pvt. Ltd. initiated proceedings against Bhisham Infrastructure Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Resolution Professional proposed withdrawal of the main petition (CP No. IB-192(PB)/2019). The Special Bench directed notice to the Financial Creditor. Mr. Ashutosh Misra, representing the Financial Creditor, applied for withdrawal of the CIRP under Regulation 30A of the IBBI Regulations 2016, submitting Form FA with the required Bank Guarantee. The Court Officer reported that nothing had been filed after 03.03.2022. The court allowed the withdrawal application and disposed of the petition.
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Court Officer report…
Matter heard by Special Bench; Resolution…
The case involves Edelweiss Asset Reconstruction Company Pvt. Ltd. as the applicant/petitioner and Bhisham Infrastructure Pvt. Ltd. as the respondent. The matter pertains to an order under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Resolution Professional proposed withdrawal of the main petition (CP No. IB-192(PB)/2019), which was submitted in Form FA. The Special Bench ordered notice to be served on the Financial Creditor. Mr. Ashutosh Misra, representing the Financial Creditor, filed an application for withdrawal of CIRP under Regulation 30A of the IBBI Regulations 2016.
Edelweiss Asset Reconstruction Company Pvt. Ltd. initiated proceedings against Bhisham Infrastructure Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Resolution Professional proposed withdrawal of the main petition (CP No. IB-192(PB)/2019). The Special Bench directed notice to the Financial Creditor. Mr. Ashutosh Misra, representing the Financial Creditor, applied for withdrawal of the CIRP under Regulation 30A of the IBBI Regulations 2016, submitting Form FA with the required Bank Guarantee. The Court Officer reported that nothing had been filed after 03.03.2022. The court allowed the withdrawal application and disposed of the petition.
Court Officer report…
Matter heard by Special Bench; Resolution…