The application was filed under Section 60(5) of the IB Code, 2016, read with Rule 11 of NCLT Rules, 2016, seeking directions for the CIRP of the Corporate Debtor, along with a Progress Report and supporting affidavit and certificate under Section 65 B of the Indian Evidence Act. The Tribunal heard submissions from the Counsel for the IRP and the IRP in person.
M/s. Metenere Ltd. filed a petition against M/s. Empower Softrade and Techno Pvt. Ltd. under Section 9 of the IBC, 2016. The application was filed under Section 60(5) of the IB Code, 2016, read with Rule 11 of NCLT Rules, 2016, seeking directions for the CIRP of the Corporate Debtor, along with a Progress Report and supporting affidavit and certificate under Section 65 B of the Indian Evidence Act. The Tribunal heard submissions from the Counsel for the IRP and the IRP in person. The Tribunal determined that continuing the CIRP was not a feasible option and decided to close the CIRP.
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The application was filed under Section 60(5) of the IB Code, 2016, read with Rule 11 of NCLT Rules, 2016, seeking directions for the CIRP of the Corporate Debtor, along with a Progress Report and supporting affidavit and certificate under Section 65 B of the Indian Evidence Act. The Tribunal heard submissions from the Counsel for the IRP and the IRP in person.
M/s. Metenere Ltd. filed a petition against M/s. Empower Softrade and Techno Pvt. Ltd. under Section 9 of the IBC, 2016. The application was filed under Section 60(5) of the IB Code, 2016, read with Rule 11 of NCLT Rules, 2016, seeking directions for the CIRP of the Corporate Debtor, along with a Progress Report and supporting affidavit and certificate under Section 65 B of the Indian Evidence Act. The Tribunal heard submissions from the Counsel for the IRP and the IRP in person. The Tribunal determined that continuing the CIRP was not a feasible option and decided to close the CIRP.
Order delive…
Matter listed on…