R.R. Distributors Private Limited, the operational creditor, filed an application (IB No. 548/ND/2020) under Section 9 of the Insolvency and Bankruptcy Code (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against Knodia Technoplast Limited, the corporate debtor. The application was admitted on 08.03.2022, imposing a moratorium under Section 14 of the IBC, and Mr. Navjit Singh was appointed as the Interim Resolution Professional (IRP).
R.R. Distributors Private Limited, the operational creditor, initiated CIRP against Knodia Technoplast Limited, the corporate debtor, by filing IB No. 548/ND/2020 under Section 9 of the IBC. The CIRP was admitted on 08.03.2022, and a moratorium was imposed. Subsequently, the operational creditor and the corporate debtor reached an amicable settlement on 09.03.2022, where the corporate debtor satisfied all claims of the operational creditor. As per the settlement, the applicants agreed to prefer the application seeking withdrawal of CP No.548/ND/2020. The present application is preferred under Rule 11 praying for withdrawal/ terminating the CIRP in the matter of Corporate debtor/applicant-2 vide order dated 08.03.2022 and that the parties in order to minimise the
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R.R. Distributors Private Limited filed an…
The NCLT admitted the application, imposed a…
R.R. Distributors Private Limited, the operational creditor, filed an application (IB No. 548/ND/2020) under Section 9 of the Insolvency and Bankruptcy Code (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against Knodia Technoplast Limited, the corporate debtor. The application was admitted on 08.03.2022, imposing a moratorium under Section 14 of the IBC, and Mr. Navjit Singh was appointed as the Interim Resolution Professional (IRP).
R.R. Distributors Private Limited, the operational creditor, initiated CIRP against Knodia Technoplast Limited, the corporate debtor, by filing IB No. 548/ND/2020 under Section 9 of the IBC. The CIRP was admitted on 08.03.2022, and a moratorium was imposed. Subsequently, the operational creditor and the corporate debtor reached an amicable settlement on 09.03.2022, where the corporate debtor satisfied all claims of the operational creditor. As per the settlement, the applicants agreed to prefer the application seeking withdrawal of CP No.548/ND/2020. The present application is preferred under Rule 11 praying for withdrawal/ terminating the CIRP in the matter of Corporate debtor/applicant-2 vide order dated 08.03.2022 and that the parties in order to minimise the
…R.R. Distributors Private Limited filed an…
The NCLT admitted the application, imposed a…