The application was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The CIRP was triggered by an order dated December 21, 2023, in CP (IB) No.46/ALD/2020. Following the initiation of CIRP, a public announcement was made inviting claims from creditors, with a deadline of January 4, 2024.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Codeblue Clothing Pvt Ltd via an order dated December 21, 2023. Following the initiation, a public announcement was made to invite claims from creditors, with a deadline of January 4, 2024. However, on December 26, 2023, a settlement was reached between Abhinav Agarwal (Financial Creditor) and Codeblue Clothing Pvt Ltd (Corporate Debtor), where the Corporate Debtor agreed to pay Rs. 50 lakh to the Financial Creditor. This amount was duly paid. The IRP filed an application under Section 12A of the IBC seeking withdrawal of the CIRP, supported by both the Financial Creditor and the Corporate Debtor. The CIRP cost, including publication expenses, was also paid. Form FA was executed on December 26,
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CP (IB) No.46/…
CIRP was triggered vide…
The application was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The CIRP was triggered by an order dated December 21, 2023, in CP (IB) No.46/ALD/2020. Following the initiation of CIRP, a public announcement was made inviting claims from creditors, with a deadline of January 4, 2024.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Codeblue Clothing Pvt Ltd via an order dated December 21, 2023. Following the initiation, a public announcement was made to invite claims from creditors, with a deadline of January 4, 2024. However, on December 26, 2023, a settlement was reached between Abhinav Agarwal (Financial Creditor) and Codeblue Clothing Pvt Ltd (Corporate Debtor), where the Corporate Debtor agreed to pay Rs. 50 lakh to the Financial Creditor. This amount was duly paid. The IRP filed an application under Section 12A of the IBC seeking withdrawal of the CIRP, supported by both the Financial Creditor and the Corporate Debtor. The CIRP cost, including publication expenses, was also paid. Form FA was executed on December 26,
…CP (IB) No.46/…
CIRP was triggered vide…