M/s. Neo Industries initiated a Corporate Insolvency Resolution Process (CIRP) against M/s. Nikko Auto Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was registered as CP (IB) No. 316/ND/2020. Subsequently, an application was filed under Section 12A of the IBC, seeking withdrawal of the CIRP. The application was supported by an affidavit. The Interim Resolution Professional (IRP) was Mr. Satish Joshi. The NCLAT had passed an order on 2022-06-13. The application for withdrawal was based on Regulation 30A of the IBBI (IRP for CP) Regulations, 2016.

M/s. Neo Industries initiated a Corporate Insolvency Resolution Process (CIRP) against M/s. Nikko Auto Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was registered as CP (IB) No. 316/ND/2020. Subsequently, an application was filed under Section 12A of the IBC, seeking withdrawal of the CIRP. The application was supported by an affidavit. The Interim Resolution Professional (IRP) was Mr. Satish Joshi. The NCLAT had passed an order on 2022-06-13. The application for withdrawal was based on Regulation 30A of the IBBI (IRP for CP) Regulations, 2016.