The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI Regulations, 2016, seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against Medall Health Care Private Limited. The CIRP was initiated based on a petition CP(IB)/108/CHE/2021, and Venkataraman Subramanian was appointed as the Interim Resolution Professional (IRP).
The Corporate Insolvency Resolution Process (CIRP) was initiated against Medall Health Care Private Limited based on petition CP(IB)/108/CHE/2021, and Venkataraman Subramanian was appointed as the Interim Resolution Professional (IRP). After the CIRP initiation order dated 2022-05-02, the Operational Creditor and the Corporate Debtor reached a mutual agreement for a full and final settlement. The Operational Creditor made a payment via RTGS with UTR No. RTGS/SK/UTIBR52022050400357941/074/PRANAV/INDIAN. The Operational Creditor submitted Form FA dated 2022-05-04 for withdrawal of the application. No expenses were incurred from the date of CIRP initiation, except for legal expenses borne by the Operational Creditor. The IRP filed an application IA(IBC)/503/CHE/2022 for
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Corporate Insolvency Resolution Process…
Order passed admitting CP(IB)/108/CHE/2021,…
The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI Regulations, 2016, seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against Medall Health Care Private Limited. The CIRP was initiated based on a petition CP(IB)/108/CHE/2021, and Venkataraman Subramanian was appointed as the Interim Resolution Professional (IRP).
The Corporate Insolvency Resolution Process (CIRP) was initiated against Medall Health Care Private Limited based on petition CP(IB)/108/CHE/2021, and Venkataraman Subramanian was appointed as the Interim Resolution Professional (IRP). After the CIRP initiation order dated 2022-05-02, the Operational Creditor and the Corporate Debtor reached a mutual agreement for a full and final settlement. The Operational Creditor made a payment via RTGS with UTR No. RTGS/SK/UTIBR52022050400357941/074/PRANAV/INDIAN. The Operational Creditor submitted Form FA dated 2022-05-04 for withdrawal of the application. No expenses were incurred from the date of CIRP initiation, except for legal expenses borne by the Operational Creditor. The IRP filed an application IA(IBC)/503/CHE/2022 for
…Corporate Insolvency Resolution Process…
Order passed admitting CP(IB)/108/CHE/2021,…