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 Interim Resolution Professional (IRP) sought withdrawal of the main petition. The NCLAT had previously directed the applicant not to constitute the Committee of Creditors (CoC), and the CoC has not yet been constituted.
Shri Rajesh Kumar Jalan, the Operational Creditor/Applicant, initiated proceedings against Jaipur Dream Buildcon Pvt. Ltd., the Corporate Debtor/Respondent, under Section 9 of the IBC, 2016. The Interim Resolution Professional (IRP), Mr. Karan Pratap Singh, filed an application (IA No. 509/JPR/2022) under Section 12A of the IBC, seeking withdrawal of the main petition. The Hon'ble NCLAT had previously passed an order on 07.09.2022 directing the applicant not to constitute the Committee of Creditors (CoC). As of the date of the order, the CoC had not yet been constituted. The application for withdrawal was allowed, and the Corporate Insolvency Resolution Process (CIRP) was terminated.
Sign in to view the parties.
The Hon'ble NCLAT…
The application for withdrawal is allowed, and…
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 Interim Resolution Professional (IRP) sought withdrawal of the main petition. The NCLAT had previously directed the applicant not to constitute the Committee of Creditors (CoC), and the CoC has not yet been constituted.
Shri Rajesh Kumar Jalan, the Operational Creditor/Applicant, initiated proceedings against Jaipur Dream Buildcon Pvt. Ltd., the Corporate Debtor/Respondent, under Section 9 of the IBC, 2016. The Interim Resolution Professional (IRP), Mr. Karan Pratap Singh, filed an application (IA No. 509/JPR/2022) under Section 12A of the IBC, seeking withdrawal of the main petition. The Hon'ble NCLAT had previously passed an order on 07.09.2022 directing the applicant not to constitute the Committee of Creditors (CoC). As of the date of the order, the CoC had not yet been constituted. The application for withdrawal was allowed, and the Corporate Insolvency Resolution Process (CIRP) was terminated.
The Hon'ble NCLAT…
The application for withdrawal is allowed, and…