The application IA(IBC)/165/KOB/2022 was filed under Section 12A of the IBC by the Resolution Professional (RP) seeking withdrawal of the IB Application filed by the Operational Creditor. The RP stated that the CIRP Order was passed on 2022-04-28, and the Committee of Creditors (CoC) was constituted on 2022-05-17. The first meeting of the CoC was held on 2022-05-30, during which the IRP was confirmed as RP.
An application, IA(IBC)/165/KOB/2022, was filed by the Resolution Professional (RP) under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking the withdrawal of the initial IB application filed by the Operational Creditor. The Corporate Insolvency Resolution Process (CIRP) order had been passed on 2022-04-28, and the Committee of Creditors (CoC) was formed on 2022-05-17. The first CoC meeting occurred on 2022-05-30, confirming the Interim Resolution Professional (IRP) as the RP. Settlement negotiations between the parties began in June 2022, leading to the signing of Form FA, which was then presented to the CoC for approval to withdraw the IB application. The CoC approved the withdrawal on 2022-07-04 with unanimous (100%) voting. The RP appeared in person,
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The Corporate…
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The application IA(IBC)/165/KOB/2022 was filed under Section 12A of the IBC by the Resolution Professional (RP) seeking withdrawal of the IB Application filed by the Operational Creditor. The RP stated that the CIRP Order was passed on 2022-04-28, and the Committee of Creditors (CoC) was constituted on 2022-05-17. The first meeting of the CoC was held on 2022-05-30, during which the IRP was confirmed as RP.
An application, IA(IBC)/165/KOB/2022, was filed by the Resolution Professional (RP) under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking the withdrawal of the initial IB application filed by the Operational Creditor. The Corporate Insolvency Resolution Process (CIRP) order had been passed on 2022-04-28, and the Committee of Creditors (CoC) was formed on 2022-05-17. The first CoC meeting occurred on 2022-05-30, confirming the Interim Resolution Professional (IRP) as the RP. Settlement negotiations between the parties began in June 2022, leading to the signing of Form FA, which was then presented to the CoC for approval to withdraw the IB application. The CoC approved the withdrawal on 2022-07-04 with unanimous (100%) voting. The RP appeared in person,
…The Corporate…
The Committ…