The case involves an application filed by the Interim Resolution Professional (IRP) to withdraw the Corporate Insolvency Resolution Process (CIRP) proceedings initiated against the Corporate Debtor. The Adjudicating Authority had previously initiated CIRP proceedings via an order dated 07.02.2022. The IRP submitted that the matter had been settled, and Form FA was enclosed with the application.
The Interim Resolution Professional (IRP) filed an application to withdraw the CIRP proceedings initiated against Nagai Power Pvt Ltd, the Corporate Debtor. The CIRP was initiated by an order dated 07.02.2022. The IRP submitted that the matter had been settled, and Form FA was enclosed with the application. The court noted that another application, IA (IBC) No.150/2022, was filed by the Suspended Management of the Corporate Debtor. The court allowed the withdrawal application and dismissed the CIRP proceedings.
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The Adjudicating…
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The case involves an application filed by the Interim Resolution Professional (IRP) to withdraw the Corporate Insolvency Resolution Process (CIRP) proceedings initiated against the Corporate Debtor. The Adjudicating Authority had previously initiated CIRP proceedings via an order dated 07.02.2022. The IRP submitted that the matter had been settled, and Form FA was enclosed with the application.
The Interim Resolution Professional (IRP) filed an application to withdraw the CIRP proceedings initiated against Nagai Power Pvt Ltd, the Corporate Debtor. The CIRP was initiated by an order dated 07.02.2022. The IRP submitted that the matter had been settled, and Form FA was enclosed with the application. The court noted that another application, IA (IBC) No.150/2022, was filed by the Suspended Management of the Corporate Debtor. The court allowed the withdrawal application and dismissed the CIRP proceedings.
The Adjudicating…
Hearing held on…