The case involves an application filed under Section 12-A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the withdrawal of a Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor, Capacite Infraprojects Limited, was admitted to CIRP on 2025-03-18. The Interim Resolution Professional (IRP) received Form-FA from the Operational Creditor, Radius Sumer Developers Pvt Ltd, indicating settlement. The Committee of Creditors (COC) had not been formed yet.
Capacite Infraprojects Ltd. was undergoing CIRP, initiated by Radius Sumer Developers Pvt Ltd. The CIRP was initiated on 2025-03-18. An application was filed under Section 12-A of the IBC seeking withdrawal of the CIRP. The IRP received Form-FA from the Operational Creditor, Radius Sumer Developers Pvt Ltd, indicating settlement of dues. The Operational Creditor confirmed receiving the entire consideration through allotment of flats. The COC had not been formed. The application for withdrawal was based on the settlement of dues between the Corporate Debtor and the Operational Creditor.
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The Corporate…
The IRP received…
The case involves an application filed under Section 12-A of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the withdrawal of a Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor, Capacite Infraprojects Limited, was admitted to CIRP on 2025-03-18. The Interim Resolution Professional (IRP) received Form-FA from the Operational Creditor, Radius Sumer Developers Pvt Ltd, indicating settlement. The Committee of Creditors (COC) had not been formed yet.
Capacite Infraprojects Ltd. was undergoing CIRP, initiated by Radius Sumer Developers Pvt Ltd. The CIRP was initiated on 2025-03-18. An application was filed under Section 12-A of the IBC seeking withdrawal of the CIRP. The IRP received Form-FA from the Operational Creditor, Radius Sumer Developers Pvt Ltd, indicating settlement of dues. The Operational Creditor confirmed receiving the entire consideration through allotment of flats. The COC had not been formed. The application for withdrawal was based on the settlement of dues between the Corporate Debtor and the Operational Creditor.
The Corporate…
The IRP received…