The case involves an application (IA(IBC)/1569(CHE)2022) filed under Section 12(A) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI Regulations, 2016, and Rule 11 of the NCLT Rules, 2016, seeking the withdrawal of a Company Petition (CP(IB)/30(CHE)/2021). The applicant is the Interim Resolution Professional (IRP) of M/s Ram Charan Company Pvt Ltd. The application is based on a settlement arrived at between the Operational Creditor and the Corporate Debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) vide an order of the Tribunal dated 13.12.2022.
Kathiresan Nachimuthu, the Interim Resolution Professional (IRP) of M/s Ram Charan Company Pvt Ltd, filed an application (IA(IBC)/1569(CHE)2022) seeking to withdraw the Company Petition (CP(IB)/30(CHE)/2021) filed against M/s Ram Charan Company Pvt Ltd. The application was filed under Section 12(A) of the IBC, 2016, read with Regulation 30A of the IBBI Regulations, 2016, and Rule 11 of the NCLT Rules, 2016. The basis for the withdrawal is a settlement reached between the Operational Creditor and the Corporate Debtor. The Corporate Debtor was admitted into CIRP on 13.12.2022. The IRP confirmed that he has received all dues. Form FA, evidencing the settlement, was attached to the application. The IRP was directed to charge fees on a pro-rata basis.
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Hearing of National…
Corporate Debtor…
The case involves an application (IA(IBC)/1569(CHE)2022) filed under Section 12(A) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the IBBI Regulations, 2016, and Rule 11 of the NCLT Rules, 2016, seeking the withdrawal of a Company Petition (CP(IB)/30(CHE)/2021). The applicant is the Interim Resolution Professional (IRP) of M/s Ram Charan Company Pvt Ltd. The application is based on a settlement arrived at between the Operational Creditor and the Corporate Debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) vide an order of the Tribunal dated 13.12.2022.
Kathiresan Nachimuthu, the Interim Resolution Professional (IRP) of M/s Ram Charan Company Pvt Ltd, filed an application (IA(IBC)/1569(CHE)2022) seeking to withdraw the Company Petition (CP(IB)/30(CHE)/2021) filed against M/s Ram Charan Company Pvt Ltd. The application was filed under Section 12(A) of the IBC, 2016, read with Regulation 30A of the IBBI Regulations, 2016, and Rule 11 of the NCLT Rules, 2016. The basis for the withdrawal is a settlement reached between the Operational Creditor and the Corporate Debtor. The Corporate Debtor was admitted into CIRP on 13.12.2022. The IRP confirmed that he has received all dues. Form FA, evidencing the settlement, was attached to the application. The IRP was directed to charge fees on a pro-rata basis.
Hearing of National…
Corporate Debtor…