The application IA/553/CHE/2022 was filed in CP(IB)/157(CHE)/2021 by the Interim Resolution Professional (IRP) of the Corporate Debtor, Ramcharan Company Private Limited, under Section 12A of the Insolvency & Bankruptcy Code, 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and Rule 11 of National Company Law Tribunal Rules, 2016. The IRP sought to withdraw the company petition, be discharged from responsibilities, and hand over the Corporate Debtor's assets back to its Board of Directors.
The Interim Resolution Professional (IRP) of Ramcharan Company Private Limited filed an application (IA/553/CHE/2022) seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the company (CP(IB)/157(CHE)/2021). The application was filed under Section 12A of the Insolvency & Bankruptcy Code, 2016. The IRP sought to be discharged from responsibilities and to hand over the Corporate Debtor's assets back to its Board of Directors. The CIRP had commenced on 2022-04-21, and Form-A publication was effected on 2022-04-25. An application filed by Witman Industries Private Limited, an Operational Creditor, under Section 9 of IBC, was disposed of on 2022-04-21, directing them to file a claim before the IRP. A Memorandum of Understanding (MoU)
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The present application (IA/553/CHE/2022)…
Corporate Ins…
The application IA/553/CHE/2022 was filed in CP(IB)/157(CHE)/2021 by the Interim Resolution Professional (IRP) of the Corporate Debtor, Ramcharan Company Private Limited, under Section 12A of the Insolvency & Bankruptcy Code, 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and Rule 11 of National Company Law Tribunal Rules, 2016. The IRP sought to withdraw the company petition, be discharged from responsibilities, and hand over the Corporate Debtor's assets back to its Board of Directors.
The Interim Resolution Professional (IRP) of Ramcharan Company Private Limited filed an application (IA/553/CHE/2022) seeking to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the company (CP(IB)/157(CHE)/2021). The application was filed under Section 12A of the Insolvency & Bankruptcy Code, 2016. The IRP sought to be discharged from responsibilities and to hand over the Corporate Debtor's assets back to its Board of Directors. The CIRP had commenced on 2022-04-21, and Form-A publication was effected on 2022-04-25. An application filed by Witman Industries Private Limited, an Operational Creditor, under Section 9 of IBC, was disposed of on 2022-04-21, directing them to file a claim before the IRP. A Memorandum of Understanding (MoU)
…The present application (IA/553/CHE/2022)…
Corporate Ins…