The Corporate Insolvency Resolution Process (CIRP) was initiated against Qbuilder Sales Private Limited. An application was filed 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 main CP due to a settlement between the parties. The IRP made a public announcement on 2022-05-13 in two newspapers, and no claims were received. The petitioning operational creditor submitted Form FA dated 2022-06-06 for withdrawal of the CP. The IRP fees and CIRP costs have been substantially paid, with any remaining amount to be paid within a week. No other claims are pending against the Corporate Debtor.

The Corporate Insolvency Resolution Process (CIRP) was initiated against Qbuilder Sales Private Limited. An application was filed 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 main CP due to a settlement between the parties. The IRP made a public announcement on 2022-05-13 in two newspapers, and no claims were received. The petitioning operational creditor submitted Form FA dated 2022-06-06 for withdrawal of the CP. The IRP fees and CIRP costs have been substantially paid, with any remaining amount to be paid within a week. No other claims are pending against the Corporate Debtor.