The case involves IA-2153/2022 filed in C.P.(IB)/3382(MB)/2019. The Company Petition [C.P.(IB)/3382(MB)/2019] was admitted into CIRP on 19.01.2022, and an IRP was appointed. The IRP made a public announcement on 23.01.2022, and the Committee of Creditors (CoC) was constituted on 12.02.2022. The first CoC meeting was held on 22.02.2022. Subsequently, the Corporate Debtor and the original Petitioner entered into a settlement agreement on 05.03.2022, which was submitted in the second CoC meeting held on 23.03.2022 and approved with 90% voting of the CoC.
The Company Petition [C.P.(IB)/3382(MB)/2019] was admitted into CIRP on 19.01.2022, leading to the appointment of an Interim Resolution Professional (IRP). Following the admission, the IRP made a public announcement on 23.01.2022, and a Committee of Creditors (CoC) was constituted on 12.02.2022. The first CoC meeting took place on 22.02.2022. Subsequently, the Corporate Debtor and the original Petitioner reached a settlement agreement on 05.03.2022. This agreement was presented at the second CoC meeting on 23.03.2022, where it received approval with 90% of the voting share. The Resolution Professional (RP) then filed IA-2153/2022 under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Company Petition. The RP confirmed that all fees and
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The case involves IA-2153/2022 filed in C.P.(IB)/3382(MB)/2019. The Company Petition [C.P.(IB)/3382(MB)/2019] was admitted into CIRP on 19.01.2022, and an IRP was appointed. The IRP made a public announcement on 23.01.2022, and the Committee of Creditors (CoC) was constituted on 12.02.2022. The first CoC meeting was held on 22.02.2022. Subsequently, the Corporate Debtor and the original Petitioner entered into a settlement agreement on 05.03.2022, which was submitted in the second CoC meeting held on 23.03.2022 and approved with 90% voting of the CoC.
The Company Petition [C.P.(IB)/3382(MB)/2019] was admitted into CIRP on 19.01.2022, leading to the appointment of an Interim Resolution Professional (IRP). Following the admission, the IRP made a public announcement on 23.01.2022, and a Committee of Creditors (CoC) was constituted on 12.02.2022. The first CoC meeting took place on 22.02.2022. Subsequently, the Corporate Debtor and the original Petitioner reached a settlement agreement on 05.03.2022. This agreement was presented at the second CoC meeting on 23.03.2022, where it received approval with 90% of the voting share. The Resolution Professional (RP) then filed IA-2153/2022 under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Company Petition. The RP confirmed that all fees and
…The Company P…
The Interim Resolution…