The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against Ebhrahim Essa Developers Pvt. Ltd. based on an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was commenced, a moratorium was declared, and an Interim Resolution Professional (IRP) was appointed. Subsequently, an agreement was reached between the parties, and the Operational Creditor, Rooshay Electricals, submitted Form FA. The Committee of Creditors (CoC) approved the withdrawal of the CIRP with 100% voting and resolved to file a 12A application for withdrawal of the CIRP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Ebhrahim Essa Developers Pvt. Ltd. based on an application under Section 9 of the IBC. The CIRP commenced, a moratorium was declared, and an Interim Resolution Professional (IRP) was appointed. Subsequently, an agreement was executed between the parties, leading the Operational Creditor, Rooshay Electricals, to submit Form FA. The Committee of Creditors (CoC) approved the withdrawal of the CIRP with 100% voting and resolved to file a 12A application for withdrawal of the CIRP. The Resolution Professional affirmed that all the conditions of Section 12A of the IBC had been fulfilled. The NCLT, Mumbai Bench, considered the resolution and the circumstances and allowed the withdrawal of the CIRP. IA
…Sign in to view the parties.
Order sheet…
Tribunal vide an order dated 11.04.2022…
The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against Ebhrahim Essa Developers Pvt. Ltd. based on an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was commenced, a moratorium was declared, and an Interim Resolution Professional (IRP) was appointed. Subsequently, an agreement was reached between the parties, and the Operational Creditor, Rooshay Electricals, submitted Form FA. The Committee of Creditors (CoC) approved the withdrawal of the CIRP with 100% voting and resolved to file a 12A application for withdrawal of the CIRP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Ebhrahim Essa Developers Pvt. Ltd. based on an application under Section 9 of the IBC. The CIRP commenced, a moratorium was declared, and an Interim Resolution Professional (IRP) was appointed. Subsequently, an agreement was executed between the parties, leading the Operational Creditor, Rooshay Electricals, to submit Form FA. The Committee of Creditors (CoC) approved the withdrawal of the CIRP with 100% voting and resolved to file a 12A application for withdrawal of the CIRP. The Resolution Professional affirmed that all the conditions of Section 12A of the IBC had been fulfilled. The NCLT, Mumbai Bench, considered the resolution and the circumstances and allowed the withdrawal of the CIRP. IA
…Order sheet…
Tribunal vide an order dated 11.04.2022…