The case involves an application (IA/611(CHE)/2022) filed in connection with an insolvency resolution process (IB/992/2019). The Corporate Insolvency Resolution Process (CIRP) was initiated on 2022-03-25. The applicant was appointed as the Interim Resolution Professional (IRP). The application was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, by the IRP, Mr. Senthilkumar of IOTA Automation Pvt Ltd, seeking withdrawal of the CIRP. The first meeting of the Committee of Creditors (CoC) was held on 2022-04-29, with Canara Bank, the sole financial creditor, participating.
The Interim Resolution Professional (IRP) of IOTA Automation P Ltd filed an application (IA/611(CHE)/2022) under Section 12A of the IBC, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the corporate debtor. The CIRP was ordered on 2022-03-25. The IRP stated that the order was received on 2022-04-02, and Form A was published on 2022-04-05 and 2022-04-06. The first meeting of the Committee of Creditors (CoC) was held on 2022-04-29, with Canara Bank, the sole financial creditor, participating. The minutes of the second CoC meeting held on 2022-05-25, along with the voting results on the withdrawal resolution, were placed on record. The sole member of the CoC voted in favor of the withdrawal under section 12A. The IRP's fees
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Corporate Insolvency…
IBA/992/…
The case involves an application (IA/611(CHE)/2022) filed in connection with an insolvency resolution process (IB/992/2019). The Corporate Insolvency Resolution Process (CIRP) was initiated on 2022-03-25. The applicant was appointed as the Interim Resolution Professional (IRP). The application was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, by the IRP, Mr. Senthilkumar of IOTA Automation Pvt Ltd, seeking withdrawal of the CIRP. The first meeting of the Committee of Creditors (CoC) was held on 2022-04-29, with Canara Bank, the sole financial creditor, participating.
The Interim Resolution Professional (IRP) of IOTA Automation P Ltd filed an application (IA/611(CHE)/2022) under Section 12A of the IBC, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the corporate debtor. The CIRP was ordered on 2022-03-25. The IRP stated that the order was received on 2022-04-02, and Form A was published on 2022-04-05 and 2022-04-06. The first meeting of the Committee of Creditors (CoC) was held on 2022-04-29, with Canara Bank, the sole financial creditor, participating. The minutes of the second CoC meeting held on 2022-05-25, along with the voting results on the withdrawal resolution, were placed on record. The sole member of the CoC voted in favor of the withdrawal under section 12A. The IRP's fees
…Corporate Insolvency…
IBA/992/…