The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against Holy Heights Infrastructures Private Limited. The application is based on a settlement agreement reached between the parties. The Committee of Creditors (CoC) has approved the withdrawal with 100% voting share.
The key facts are as follows: An application was filed under Section 12A of the IBC for withdrawal of CIRP against Holy Heights Infrastructures Private Limited. The application was supported by a settlement agreement dated 2023-08-18 and 2023-08-20. The CoC approved the withdrawal with 100% voting. The agenda for withdrawal was taken up before the CoC vide item no. A2. The Resolution Professional (RP) supported the application. The main petition bearing CP (IB) No.43/ALD/2022 was pending.
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CIRP initiated against Holy Heights…
Settlement agreement…
The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against Holy Heights Infrastructures Private Limited. The application is based on a settlement agreement reached between the parties. The Committee of Creditors (CoC) has approved the withdrawal with 100% voting share.
The key facts are as follows: An application was filed under Section 12A of the IBC for withdrawal of CIRP against Holy Heights Infrastructures Private Limited. The application was supported by a settlement agreement dated 2023-08-18 and 2023-08-20. The CoC approved the withdrawal with 100% voting. The agenda for withdrawal was taken up before the CoC vide item no. A2. The Resolution Professional (RP) supported the application. The main petition bearing CP (IB) No.43/ALD/2022 was pending.
CIRP initiated against Holy Heights…
Settlement agreement…