The case involves an application under Section 12A and Section 60(5) of the IB Code, 2016, read with Regulation 30A of the IBBI (IRP for CP) Regulations, 2016, seeking the withdrawal of an application filed by the Operational Creditor, supported by an affidavit. The application under Section 9 of the IB Code, 2016, bearing CP No. (IB)-813(ND)/2021, was filed against the Corporate Debtor, Kiran Udyog Pvt. Ltd.
An application was filed under Section 9 of the IB Code, 2016, against Kiran Udyog Pvt. Ltd. The Operational Creditor subsequently sought to withdraw the application under Section 12A and Section 60(5) of the IB Code, 2016, read with Regulation 30A of the IBBI (IRP for CP) Regulations, 2016, based on a settlement reached between the parties. The application was supported by an affidavit. The Adjudicating Authority had previously commenced CIRP against the Corporate Debtor via an order dated 2021-12-14. The Resolution Professional was functioning as the IRP for the Corporate Debtor.
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CIRP commenced against…
Order delivered allowing the withdrawal of the…
The case involves an application under Section 12A and Section 60(5) of the IB Code, 2016, read with Regulation 30A of the IBBI (IRP for CP) Regulations, 2016, seeking the withdrawal of an application filed by the Operational Creditor, supported by an affidavit. The application under Section 9 of the IB Code, 2016, bearing CP No. (IB)-813(ND)/2021, was filed against the Corporate Debtor, Kiran Udyog Pvt. Ltd.
An application was filed under Section 9 of the IB Code, 2016, against Kiran Udyog Pvt. Ltd. The Operational Creditor subsequently sought to withdraw the application under Section 12A and Section 60(5) of the IB Code, 2016, read with Regulation 30A of the IBBI (IRP for CP) Regulations, 2016, based on a settlement reached between the parties. The application was supported by an affidavit. The Adjudicating Authority had previously commenced CIRP against the Corporate Debtor via an order dated 2021-12-14. The Resolution Professional was functioning as the IRP for the Corporate Debtor.
CIRP commenced against…
Order delivered allowing the withdrawal of the…