The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Kaakateeya Fabs Private Limited. The CIRP was admitted by the Tribunal on 2021-12-14. Subsequently, an application (I.A No.23/2022) was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the CIRP. The IRP stated that complete fees were received and Form-FA was filed. The application for withdrawal was made before the constitution of the committee. The relevance of these facts is that they satisfy the conditions for withdrawal under Section 12A of the IBC and Regulation 30-A of the CIRP Regulations.

The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Kaakateeya Fabs Private Limited. The CIRP was admitted by the Tribunal on 2021-12-14. Subsequently, an application (I.A No.23/2022) was filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the CIRP. The IRP stated that complete fees were received and Form-FA was filed. The application for withdrawal was made before the constitution of the committee. The relevance of these facts is that they satisfy the conditions for withdrawal under Section 12A of the IBC and Regulation 30-A of the CIRP Regulations.