The case involves an application (IA/884/ND/2022) filed on behalf of the Resolution Professional (RP) stating that the Committee of Creditors (COC) has been constituted. The COC, by 100 percent voting, decided to withdraw the present Corporate Insolvency Resolution Process (CIRP) proceedings against the Corporate Debtor.
The Resolution Professional (RP) filed an application (IA/884/ND/2022) stating that the Committee of Creditors (COC) had been constituted. The COC voted unanimously (100 percent) to withdraw the Corporate Insolvency Resolution Process (CIRP) proceedings against the Corporate Debtor. The RP also stated that all costs of the RPA had been paid and no dues were outstanding against the COC. This led to the court allowing the withdrawal of the CIRP proceedings. The key facts are the COC's unanimous decision to withdraw the CIRP, the RP's confirmation of payment of dues, and the subsequent court order allowing the withdrawal.
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Order delivered on the…
The case involves an application (IA/884/ND/2022) filed on behalf of the Resolution Professional (RP) stating that the Committee of Creditors (COC) has been constituted. The COC, by 100 percent voting, decided to withdraw the present Corporate Insolvency Resolution Process (CIRP) proceedings against the Corporate Debtor.
The Resolution Professional (RP) filed an application (IA/884/ND/2022) stating that the Committee of Creditors (COC) had been constituted. The COC voted unanimously (100 percent) to withdraw the Corporate Insolvency Resolution Process (CIRP) proceedings against the Corporate Debtor. The RP also stated that all costs of the RPA had been paid and no dues were outstanding against the COC. This led to the court allowing the withdrawal of the CIRP proceedings. The key facts are the COC's unanimous decision to withdraw the CIRP, the RP's confirmation of payment of dues, and the subsequent court order allowing the withdrawal.
Order delivered on the…