The case involves an application for withdrawal of a Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016. The IRP filed IA No. 1159/2022 for withdrawal of CP/IB/990/ND/2018, stating that the matter has been settled and the Committee of Creditors (CoC) has not been constituted yet. One claim of approximately Rs. 19 Crore has been received from the State Bank of India.
Micromax Informatics Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Kumar Distributors Pvt Ltd under Section 9 of the IBC. The Interim Resolution Professional (IRP) filed IA No. 1159/2022 seeking withdrawal of the CIRP under Section 12A of the IBC, stating that the matter has been settled. The Committee of Creditors (CoC) has not been constituted. The State Bank of India has submitted a claim of approximately Rs. 19 Crore. An operational creditor also filed I.A. No. 961/ND/2022 stating that the matter has been settled. The IRP dues have been cleared.
Sign in to view the parties.
Micromax Informatics Ltd. initiated CIRP against…
Order delivered on…
The case involves an application for withdrawal of a Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016. The IRP filed IA No. 1159/2022 for withdrawal of CP/IB/990/ND/2018, stating that the matter has been settled and the Committee of Creditors (CoC) has not been constituted yet. One claim of approximately Rs. 19 Crore has been received from the State Bank of India.
Micromax Informatics Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Kumar Distributors Pvt Ltd under Section 9 of the IBC. The Interim Resolution Professional (IRP) filed IA No. 1159/2022 seeking withdrawal of the CIRP under Section 12A of the IBC, stating that the matter has been settled. The Committee of Creditors (CoC) has not been constituted. The State Bank of India has submitted a claim of approximately Rs. 19 Crore. An operational creditor also filed I.A. No. 961/ND/2022 stating that the matter has been settled. The IRP dues have been cleared.
Micromax Informatics Ltd. initiated CIRP against…
Order delivered on…