The case involves an application for withdrawal of a Corporate Insolvency Resolution Process (CIRP) application. The Operational Creditor (OC) sought permission to withdraw the CIRP application. The court granted the permission.
ADO Additives Technologies Limited, as the Operational Creditor (OC), filed a Corporate Insolvency Resolution Process (CIRP) application against Gammon Engineers And Contractors Private Limited, the Corporate Debtor (CD). The OC sought oral permission to withdraw the CIRP application. The court granted permission for the withdrawal. Consequently, the CIRP application, C.P. (IB)/936(MB)2022, was disposed of as withdrawn, with the OC retaining the liberty to file a fresh CIRP application. Additionally, I.A.3185(MB)2023, related to the main CIRP application, was also disposed of.
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The court heard the application for withdrawal…
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The case involves an application for withdrawal of a Corporate Insolvency Resolution Process (CIRP) application. The Operational Creditor (OC) sought permission to withdraw the CIRP application. The court granted the permission.
ADO Additives Technologies Limited, as the Operational Creditor (OC), filed a Corporate Insolvency Resolution Process (CIRP) application against Gammon Engineers And Contractors Private Limited, the Corporate Debtor (CD). The OC sought oral permission to withdraw the CIRP application. The court granted permission for the withdrawal. Consequently, the CIRP application, C.P. (IB)/936(MB)2022, was disposed of as withdrawn, with the OC retaining the liberty to file a fresh CIRP application. Additionally, I.A.3185(MB)2023, related to the main CIRP application, was also disposed of.
The court heard the application for withdrawal…
Sign in to view related legal provisions.