The case involves an application, IA/216(AHM)2022, filed by the Interim Resolution Professional (IRP) for the withdrawal of the main Corporate Insolvency Resolution Process (CIRP) application, CP(IB) No. 439 of 2018. The basis for the withdrawal is that the parties involved have settled the dispute.
The Interim Resolution Professional (IRP) filed an application (IA/216(AHM)2022) to withdraw the Corporate Insolvency Resolution Process (CIRP) application (CP(IB) No. 439 of 2018). The reason for the withdrawal is that all parties involved have reached a settlement. The court heard the counsels for the IRP, the Original Operational Creditor, and the Corporate Debtor. The key fact is the settlement between the parties, which led to the withdrawal application. The relevance of this fact is that it allows the Corporate Debtor to be released from the CIRP.
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CP(IB) No. 439 of 2018…
IA/216(AHM)2022 was…
The case involves an application, IA/216(AHM)2022, filed by the Interim Resolution Professional (IRP) for the withdrawal of the main Corporate Insolvency Resolution Process (CIRP) application, CP(IB) No. 439 of 2018. The basis for the withdrawal is that the parties involved have settled the dispute.
The Interim Resolution Professional (IRP) filed an application (IA/216(AHM)2022) to withdraw the Corporate Insolvency Resolution Process (CIRP) application (CP(IB) No. 439 of 2018). The reason for the withdrawal is that all parties involved have reached a settlement. The court heard the counsels for the IRP, the Original Operational Creditor, and the Corporate Debtor. The key fact is the settlement between the parties, which led to the withdrawal application. The relevance of this fact is that it allows the Corporate Debtor to be released from the CIRP.
CP(IB) No. 439 of 2018…
IA/216(AHM)2022 was…