The Interim Application (IA) 2202/2024 was filed in connection with Company Petition (CP) (IB)/848(MB)/2023. The IA was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking withdrawal of the CP filed by Lunkad Aluminium Limited under Section 9 of the IBC. The Operational Creditor and the Corporate Debtor reached a compromise after the admission order was passed on 24.04.2024, and consent terms were executed on 26.04.2024.
Lunkad Aluminium Limited filed a Company Petition (C.P.(IB)/848(MB)2023) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. An admission order was passed on 24.04.2024. Subsequently, Lunkad Aluminium Limited (Operational Creditor) and Electropath Services (India) Private Limited (Corporate Debtor) entered into a compromise, executing consent terms on 26.04.2024. The Interim Resolution Professional (IRP) filed IA 2202/2024 under Section 12A of the IBC seeking withdrawal of the C.P. No CoC had been constituted, and no claims had been received by the IRP. The consent terms were annexed with the application.
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Admission order was…
Operational Creditor…
The Interim Application (IA) 2202/2024 was filed in connection with Company Petition (CP) (IB)/848(MB)/2023. The IA was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking withdrawal of the CP filed by Lunkad Aluminium Limited under Section 9 of the IBC. The Operational Creditor and the Corporate Debtor reached a compromise after the admission order was passed on 24.04.2024, and consent terms were executed on 26.04.2024.
Lunkad Aluminium Limited filed a Company Petition (C.P.(IB)/848(MB)2023) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. An admission order was passed on 24.04.2024. Subsequently, Lunkad Aluminium Limited (Operational Creditor) and Electropath Services (India) Private Limited (Corporate Debtor) entered into a compromise, executing consent terms on 26.04.2024. The Interim Resolution Professional (IRP) filed IA 2202/2024 under Section 12A of the IBC seeking withdrawal of the C.P. No CoC had been constituted, and no claims had been received by the IRP. The consent terms were annexed with the application.
Admission order was…
Operational Creditor…