The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Rules, 2016. The application was filed by the Interim Resolution Professional (IRP) seeking withdrawal of the main petition. The NCLAT had previously passed an order on 07.09.2022 directing the applicant not to constitute the Committee of Creditors (CoC).
Shri Rajesh Kumar Jalan is the Operational Creditor/Applicant. Jaipur Dream Buildcon Pvt. Ltd. is the Corporate Debtor/Respondent. The IRP, represented by Karan Pratap Singh, filed an application under Section 12A of the IBC, seeking withdrawal of the main petition. The NCLAT had previously directed the applicant not to constitute the CoC. The CoC has not yet been constituted. The application for withdrawal is allowed.
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NCLAT passed an order…
Application is allowed.…
The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Rules, 2016. The application was filed by the Interim Resolution Professional (IRP) seeking withdrawal of the main petition. The NCLAT had previously passed an order on 07.09.2022 directing the applicant not to constitute the Committee of Creditors (CoC).
Shri Rajesh Kumar Jalan is the Operational Creditor/Applicant. Jaipur Dream Buildcon Pvt. Ltd. is the Corporate Debtor/Respondent. The IRP, represented by Karan Pratap Singh, filed an application under Section 12A of the IBC, seeking withdrawal of the main petition. The NCLAT had previously directed the applicant not to constitute the CoC. The CoC has not yet been constituted. The application for withdrawal is allowed.
NCLAT passed an order…
Application is allowed.…