The case involves an application (IA/181(AHM)2023) filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 31A of the Insolvency and Bankruptcy Board of India (IBBI) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016. The Committee of Creditors (CoC) in its meeting dated 03.11.2022 passed a resolution with 100% vote to withdraw the Corporate Insolvency Resolution Process (CIRP).
The Interim Resolution Professional (IRP) filed IA/181(AHM)2023 under Section 12A of the IBC, 2016, read with relevant regulations and rules. The Committee of Creditors (CoC) convened on 2022-11-03 and unanimously (100% vote) resolved to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The court took note of this resolution. The CoC's decision to withdraw the CIRP is a crucial fact that influences the court's decision. The corporate debtor was under the rigors of CIRP and moratorium.
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The Committee of Creditors (CoC) in its…
The court delivered the…
The case involves an application (IA/181(AHM)2023) filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 31A of the Insolvency and Bankruptcy Board of India (IBBI) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016. The Committee of Creditors (CoC) in its meeting dated 03.11.2022 passed a resolution with 100% vote to withdraw the Corporate Insolvency Resolution Process (CIRP).
The Interim Resolution Professional (IRP) filed IA/181(AHM)2023 under Section 12A of the IBC, 2016, read with relevant regulations and rules. The Committee of Creditors (CoC) convened on 2022-11-03 and unanimously (100% vote) resolved to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor. The court took note of this resolution. The CoC's decision to withdraw the CIRP is a crucial fact that influences the court's decision. The corporate debtor was under the rigors of CIRP and moratorium.
The Committee of Creditors (CoC) in its…
The court delivered the…