The case involved an application by the IRP for withdrawal of CIRP proceedings after a settlement was reached between the parties and the operational creditor received the entire claim amount.
The present application, IA(IBC)/716(KB)2022 , was filed by the Interim Resolution Professional (IRP) seeking the withdrawal of the Corporate Insolvency Resolution Process (CIRP) proceedings. These proceedings were initiated by an order passed in CP(IB)/74(KB)2021 on July 13, 2022. The application for withdrawal was made after certain developments occurred subsequent to the admission of the insolvency petition.
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Order passed in…
Attendance-cum-order…
The case involved an application by the IRP for withdrawal of CIRP proceedings after a settlement was reached between the parties and the operational creditor received the entire claim amount.
The present application, IA(IBC)/716(KB)2022 , was filed by the Interim Resolution Professional (IRP) seeking the withdrawal of the Corporate Insolvency Resolution Process (CIRP) proceedings. These proceedings were initiated by an order passed in CP(IB)/74(KB)2021 on July 13, 2022. The application for withdrawal was made after certain developments occurred subsequent to the admission of the insolvency petition.
Order passed in…
Attendance-cum-order…