The case involves IA No. 622 to 624/ND/2022, which were moved on behalf of the Operational Creditor for withdrawal of insolvency proceedings. A CIRP order was previously initiated on 2022-01-28. An IRP was appointed, but the dues of all three petitioners have now been cleared. The CoC has not been constituted, and all three matters have been settled.
Rajender Kumar filed an application against M/s Desein Pvt. Ltd. under Section 9 of the IBC. IA No. 622 to 624/ND/2022 were filed by the Operational Creditor for withdrawal of insolvency proceedings. A CIRP order was initiated on 2022-01-28. An IRP was appointed. The dues of all three petitioners were cleared. The CoC was not constituted. All three matters were settled. The RP's counsel confirmed that the dues had been cleared. The applications for withdrawal were allowed. The Corporate Debtor was relieved from CIRP rigors. The IRP was discharged from their duties.
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A CIRP order was…
The court delivered an…
The case involves IA No. 622 to 624/ND/2022, which were moved on behalf of the Operational Creditor for withdrawal of insolvency proceedings. A CIRP order was previously initiated on 2022-01-28. An IRP was appointed, but the dues of all three petitioners have now been cleared. The CoC has not been constituted, and all three matters have been settled.
Rajender Kumar filed an application against M/s Desein Pvt. Ltd. under Section 9 of the IBC. IA No. 622 to 624/ND/2022 were filed by the Operational Creditor for withdrawal of insolvency proceedings. A CIRP order was initiated on 2022-01-28. An IRP was appointed. The dues of all three petitioners were cleared. The CoC was not constituted. All three matters were settled. The RP's counsel confirmed that the dues had been cleared. The applications for withdrawal were allowed. The Corporate Debtor was relieved from CIRP rigors. The IRP was discharged from their duties.
A CIRP order was…
The court delivered an…