The case pertains to an application filed by the Interim Resolution Professional (IRP) for the withdrawal of Corporate Insolvency Resolution Process (CIRP) proceedings initiated under Section 12A of the Insolvency and Bankruptcy Code (IBC) in IB/3017/ND/2019. The IRP stated that the matter has been settled between the parties, and Form F-A has been placed on record confirming that Vishakarma Tool Works, the petitioner, wants to withdraw the petition. The IRP also confirmed receipt of all fees and costs.
Vishakarma Tool Works initiated CIRP against Mor Mukat Marketing Pvt Ltd & Ors under IB/3017/ND/2019. The Interim Resolution Professional (IRP) filed IA/3889/ND/2022 seeking withdrawal of the CIRP proceedings under Section 12A of the Insolvency and Bankruptcy Code, 2016. The basis for the withdrawal was a settlement reached between Vishakarma Tool Works and Mor Mukat Marketing Pvt Ltd & Ors. The IRP confirmed that all fees and costs had been received. Form F-A was placed on record confirming the petitioner's intention to withdraw the petition. The key fact is the settlement between the parties, leading to the withdrawal application.
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CIRP initiate…
IA/3889/ND/2022 filed…
The case pertains to an application filed by the Interim Resolution Professional (IRP) for the withdrawal of Corporate Insolvency Resolution Process (CIRP) proceedings initiated under Section 12A of the Insolvency and Bankruptcy Code (IBC) in IB/3017/ND/2019. The IRP stated that the matter has been settled between the parties, and Form F-A has been placed on record confirming that Vishakarma Tool Works, the petitioner, wants to withdraw the petition. The IRP also confirmed receipt of all fees and costs.
Vishakarma Tool Works initiated CIRP against Mor Mukat Marketing Pvt Ltd & Ors under IB/3017/ND/2019. The Interim Resolution Professional (IRP) filed IA/3889/ND/2022 seeking withdrawal of the CIRP proceedings under Section 12A of the Insolvency and Bankruptcy Code, 2016. The basis for the withdrawal was a settlement reached between Vishakarma Tool Works and Mor Mukat Marketing Pvt Ltd & Ors. The IRP confirmed that all fees and costs had been received. Form F-A was placed on record confirming the petitioner's intention to withdraw the petition. The key fact is the settlement between the parties, leading to the withdrawal application.
CIRP initiate…
IA/3889/ND/2022 filed…