The Interim Resolution Professional (IRP) filed an Interlocutory Application (I.A. 981/2022) under Section 12A of the Insolvency and Bankruptcy Code to withdraw the CIRP order against the Corporate Debtor, Resources World Exim PrivateLimited. The Committee of Creditors (CoC) passed a resolution in its 12th meeting on 07.04.2022 with 100% voting share to withdraw the CIRP, indicating a settlement. The IRP confirmed receiving the CIRP costs, including fees. The CIRP order was initially passed on 19.11.2019. The main company petition bearing No. 982/2019 need not be listed again. The relevance of these facts is that they demonstrate the process of CIRP withdrawal due to settlement and the court's acceptance of the CoC's decision.

The Interim Resolution Professional (IRP) filed an Interlocutory Application (I.A. 981/2022) under Section 12A of the Insolvency and Bankruptcy Code to withdraw the CIRP order against the Corporate Debtor, Resources World Exim PrivateLimited. The Committee of Creditors (CoC) passed a resolution in its 12th meeting on 07.04.2022 with 100% voting share to withdraw the CIRP, indicating a settlement. The IRP confirmed receiving the CIRP costs, including fees. The CIRP order was initially passed on 19.11.2019. The main company petition bearing No. 982/2019 need not be listed again. The relevance of these facts is that they demonstrate the process of CIRP withdrawal due to settlement and the court's acceptance of the CoC's decision.