The case involves an application under the Insolvency and Bankruptcy Code (IBC). The Committee of Creditors (CoC), with 100% voting share, resolved to seek withdrawal of the application due to a settlement between the parties. The Resolution Professional (RP) is present, and the CIRP cost is stated to be paid in full.
The Small Industries Development Bank of India initiated insolvency proceedings against Karani Techtex Print Private Limited under Section 7 of the IBC. The Committee of Creditors (CoC) with 100% voting share, resolved to seek withdrawal of the application, as indicated on pages 28 and 29 of the application, due to a settlement reached between the parties. The Resolution Professional (RP) was present during the hearing. The CIRP cost was submitted to be paid in full. An application under Section 12A was filed for withdrawal.
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Order sheet…
The case involves an application under the Insolvency and Bankruptcy Code (IBC). The Committee of Creditors (CoC), with 100% voting share, resolved to seek withdrawal of the application due to a settlement between the parties. The Resolution Professional (RP) is present, and the CIRP cost is stated to be paid in full.
The Small Industries Development Bank of India initiated insolvency proceedings against Karani Techtex Print Private Limited under Section 7 of the IBC. The Committee of Creditors (CoC) with 100% voting share, resolved to seek withdrawal of the application, as indicated on pages 28 and 29 of the application, due to a settlement reached between the parties. The Resolution Professional (RP) was present during the hearing. The CIRP cost was submitted to be paid in full. An application under Section 12A was filed for withdrawal.
Order sheet…