The Corporate Insolvency Resolution Process (CIRP) was initiated against Oil Country Tubular Ltd based on Company Petition No. 220/7/HDB/2019, which was ordered on 28.01.2020. Subsequently, the Corporate Debtor, Oil Country Tubular Ltd, settled its dues with the Financial Creditor, State Bank of India, under a One-Time Settlement (OTS). A resolution was passed with 100% voting to withdraw the Company Petition, and Form-A was filed. The Resolution Professional (RP) then filed an application (IA No. 975/2022) seeking leave from the Adjudicating Authority to withdraw the CIRP proceedings. Certain claims were received pursuant to the publication of the notice.

The Corporate Insolvency Resolution Process (CIRP) was initiated against Oil Country Tubular Ltd based on Company Petition No. 220/7/HDB/2019, which was ordered on 28.01.2020. Subsequently, the Corporate Debtor, Oil Country Tubular Ltd, settled its dues with the Financial Creditor, State Bank of India, under a One-Time Settlement (OTS). A resolution was passed with 100% voting to withdraw the Company Petition, and Form-A was filed. The Resolution Professional (RP) then filed an application (IA No. 975/2022) seeking leave from the Adjudicating Authority to withdraw the CIRP proceedings. Certain claims were received pursuant to the publication of the notice.