The case involves an application filed by the Interim Resolution Professional (IRP) appointed in CP(IB)/756(KB)2020, which was admitted on 2022-03-11, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, R. K. Nirman Pvt. Ltd. The IRP submitted that a public announcement had been made on 2022-03-14. However, the matter has been settled between the Financial Creditor and the Corporate Debtor, and a Memorandum of Understanding (MOU) has been filed.
An application was filed by the IRP appointed in CP(IB)/756(KB)2020, which was admitted on 2022-03-11, initiating CIRP against R. K. Nirman Pvt. Ltd. The IRP made a public announcement on 2022-03-14. Subsequently, the Financial Creditor and the Corporate Debtor reached a settlement, and a Memorandum of Understanding (MOU) was filed. The IRP's fees and expenses have been paid. IA(IBC)/398(KB)2022 was also considered. The key fact is the settlement between the parties, leading to the request for withdrawal of the CIRP.
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CP(IB)/756(KB)…
CP(IB)/756(KB)2020 was…
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The case involves an application filed by the Interim Resolution Professional (IRP) appointed in CP(IB)/756(KB)2020, which was admitted on 2022-03-11, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, R. K. Nirman Pvt. Ltd. The IRP submitted that a public announcement had been made on 2022-03-14. However, the matter has been settled between the Financial Creditor and the Corporate Debtor, and a Memorandum of Understanding (MOU) has been filed.
An application was filed by the IRP appointed in CP(IB)/756(KB)2020, which was admitted on 2022-03-11, initiating CIRP against R. K. Nirman Pvt. Ltd. The IRP made a public announcement on 2022-03-14. Subsequently, the Financial Creditor and the Corporate Debtor reached a settlement, and a Memorandum of Understanding (MOU) was filed. The IRP's fees and expenses have been paid. IA(IBC)/398(KB)2022 was also considered. The key fact is the settlement between the parties, leading to the request for withdrawal of the CIRP.
CP(IB)/756(KB)…
CP(IB)/756(KB)2020 was…
Sign in to view related legal provisions.