The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated by Edelweiss Asset Reconstruction Company Pvt. Ltd. against Manogyan Estates Pvt. Ltd. The matter was initially heard on 08.03.2022, and the Resolution Professional (RP) submitted a proposal for withdrawal. The Special Bench directed notice to be served on the Financial Creditor. An application for withdrawal of CIRP under Regulation 30A of the IBBI Regulations, 2016, was filed by Mr. Ashutosh Misra, the authorized representative of the Financial Creditor.
Edelweiss Asset Reconstruction Company Pvt. Ltd. initiated CIRP against Manogyan Estates Pvt. Ltd. The Resolution Professional proposed withdrawal of the CIRP. The Special Bench directed notice to the Financial Creditor. Mr. Ashutosh Misra, representing the Financial Creditor, applied for withdrawal under Regulation 30A of the IBBI Regulations, supported by a Bank Guarantee. The Court Officer report dated 24.03.2022 states that as per the e-Portal as on date nothing has been filed after 03.03.2022 in this petition. The NCLT allowed the withdrawal and disposed of the case.
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The matter was last heard by Special Bench,…
The Special Bench ordered that notice be served…
The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated by Edelweiss Asset Reconstruction Company Pvt. Ltd. against Manogyan Estates Pvt. Ltd. The matter was initially heard on 08.03.2022, and the Resolution Professional (RP) submitted a proposal for withdrawal. The Special Bench directed notice to be served on the Financial Creditor. An application for withdrawal of CIRP under Regulation 30A of the IBBI Regulations, 2016, was filed by Mr. Ashutosh Misra, the authorized representative of the Financial Creditor.
Edelweiss Asset Reconstruction Company Pvt. Ltd. initiated CIRP against Manogyan Estates Pvt. Ltd. The Resolution Professional proposed withdrawal of the CIRP. The Special Bench directed notice to the Financial Creditor. Mr. Ashutosh Misra, representing the Financial Creditor, applied for withdrawal under Regulation 30A of the IBBI Regulations, supported by a Bank Guarantee. The Court Officer report dated 24.03.2022 states that as per the e-Portal as on date nothing has been filed after 03.03.2022 in this petition. The NCLT allowed the withdrawal and disposed of the case.
The matter was last heard by Special Bench,…
The Special Bench ordered that notice be served…