M/s. Mahesh Hardware & Pipes Pvt. Ltd. filed a petition against M/s. Jains & Alliance Palm Ventures Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The CIRP was admitted by the Adjudicating Authority on 2021-11-30. Subsequently, the parties reached a settlement, and an application (I.A.No.11/2022) was filed to withdraw the CIRP. Form FA, evidencing the settlement, was submitted as part of the application. The IRP of M/s. Jains & Alliance Palm Ventures Pvt. Ltd. filed the application under Section 12A of the IBC, 2016, read with Regulation 30A(1) of the Insolvency and Bankruptcy Board (Insolvency Resolution Process of Corporate Persons Regulation), 2016.

M/s. Mahesh Hardware & Pipes Pvt. Ltd. filed a petition against M/s. Jains & Alliance Palm Ventures Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The CIRP was admitted by the Adjudicating Authority on 2021-11-30. Subsequently, the parties reached a settlement, and an application (I.A.No.11/2022) was filed to withdraw the CIRP. Form FA, evidencing the settlement, was submitted as part of the application. The IRP of M/s. Jains & Alliance Palm Ventures Pvt. Ltd. filed the application under Section 12A of the IBC, 2016, read with Regulation 30A(1) of the Insolvency and Bankruptcy Board (Insolvency Resolution Process of Corporate Persons Regulation), 2016.