The case involves an application (IA-3638/2023) filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC) 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (IBBI) (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP). The applicant has placed Form FA on record, which is on page no. 31-32 of the application duly signed by the Operational Creditor on whose instance the CIRP was initiated.
M/s Shree Krishna Automobiles, through its Partner Sh. Rajesh Jindal, filed an application against Nava Healthcare Pvt. Ltd. under Section 7 of the IBC, 2016, initiating the Corporate Insolvency Resolution Process (CIRP). Subsequently, the Interim Resolution Professional (IRP) filed IA-3638/2023 under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking withdrawal of the CIRP. The application was supported by Form FA, signed by the Operational Creditor, indicating their consent for the withdrawal. The court considered the submissions made by the counsel for the applicant in IA-3638/2023.
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IRP filed an application (IA-3638/2023) under…
The court allowed IA-3638/2023, releasing the…
The case involves an application (IA-3638/2023) filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC) 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (IBBI) (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP). The applicant has placed Form FA on record, which is on page no. 31-32 of the application duly signed by the Operational Creditor on whose instance the CIRP was initiated.
M/s Shree Krishna Automobiles, through its Partner Sh. Rajesh Jindal, filed an application against Nava Healthcare Pvt. Ltd. under Section 7 of the IBC, 2016, initiating the Corporate Insolvency Resolution Process (CIRP). Subsequently, the Interim Resolution Professional (IRP) filed IA-3638/2023 under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking withdrawal of the CIRP. The application was supported by Form FA, signed by the Operational Creditor, indicating their consent for the withdrawal. The court considered the submissions made by the counsel for the applicant in IA-3638/2023.
IRP filed an application (IA-3638/2023) under…
The court allowed IA-3638/2023, releasing the…