The case involves an application (IA/611(CHE)/2022) filed in connection with an insolvency resolution process (IB/992/2019) under the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and an Interim Resolution Professional (IRP) was appointed. The IRP filed an application under Section 12A of the IBC, 2016, seeking withdrawal of the CIRP. The Committee of Creditors (CoC), consisting of a sole member (Canara Bank), voted in favor of the withdrawal. The IRP's fees and expenses were reimbursed.
The Corporate Insolvency Resolution Process (CIRP) was initiated against a corporate debtor. An Interim Resolution Professional (IRP) was appointed. The IRP, Mr. Senthilkumar of IOTA Automation Pvt Ltd, filed an application (IA/611(CHE)/2022) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking withdrawal of the CIRP. The CIRP was initially ordered on 2022-03-25 in IB/992/2019. The order was received by the IRP on 2022-04-02. 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 participating as the sole financial creditor. Form-FA for withdrawal of CIRP was placed and signed by the Operational Creditor. The second CoC meeting was held on 2022-05-25. The
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CIRP was orde…
The IRP recei…
The case involves an application (IA/611(CHE)/2022) filed in connection with an insolvency resolution process (IB/992/2019) under the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and an Interim Resolution Professional (IRP) was appointed. The IRP filed an application under Section 12A of the IBC, 2016, seeking withdrawal of the CIRP. The Committee of Creditors (CoC), consisting of a sole member (Canara Bank), voted in favor of the withdrawal. The IRP's fees and expenses were reimbursed.
The Corporate Insolvency Resolution Process (CIRP) was initiated against a corporate debtor. An Interim Resolution Professional (IRP) was appointed. The IRP, Mr. Senthilkumar of IOTA Automation Pvt Ltd, filed an application (IA/611(CHE)/2022) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking withdrawal of the CIRP. The CIRP was initially ordered on 2022-03-25 in IB/992/2019. The order was received by the IRP on 2022-04-02. 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 participating as the sole financial creditor. Form-FA for withdrawal of CIRP was placed and signed by the Operational Creditor. The second CoC meeting was held on 2022-05-25. The
…CIRP was orde…
The IRP recei…