The application IA No. 525/2023 was filed for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) concerning the Corporate Debtor, M/S RSV Earth Enterprises PVT LTD. After the initiation of the CIRP, an advertisement was issued in "Financial Express" (English) and "Jansatta" (Hindi) on September 17, 2023. However, no claims were received except from the Operational Creditor, who is also the applicant. The Committee of Creditors (COC) comprised only the Operational Creditor, and the withdrawal of the petition was considered. The agenda item was reflected at page No. 79 of the application, proposing to move the present application along with filing Form FA. The resolution was passed by the COC, consisting of the sole member
…The application IA No. 525/2023 was filed for the withdrawal of the CIRP with respect to the Corporate Debtor, M/S RSV Earth Enterprises PVT LTD. After the initiation of the CIRP, an advertisement was issued in "Financial Express" and "Jansatta" on September 17, 2023, but no claims were received except from the Operational Creditor. The COC comprised only the Operational Creditor. The Agenda Item concerning the withdrawal was reflected at page No. 79 of the application. The resolution was passed by the COC as per Resolution placed at page No.86. The Corporate Debtor has no tangible assets, no business, and no possibility to revive the company. The Directors (Power Suspended) of RSV Earth Enterprises Private Limited are not contactable. Promoters of
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The application IA No. 525/2023 was filed for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) concerning the Corporate Debtor, M/S RSV Earth Enterprises PVT LTD. After the initiation of the CIRP, an advertisement was issued in "Financial Express" (English) and "Jansatta" (Hindi) on September 17, 2023. However, no claims were received except from the Operational Creditor, who is also the applicant. The Committee of Creditors (COC) comprised only the Operational Creditor, and the withdrawal of the petition was considered. The agenda item was reflected at page No. 79 of the application, proposing to move the present application along with filing Form FA. The resolution was passed by the COC, consisting of the sole member
…The application IA No. 525/2023 was filed for the withdrawal of the CIRP with respect to the Corporate Debtor, M/S RSV Earth Enterprises PVT LTD. After the initiation of the CIRP, an advertisement was issued in "Financial Express" and "Jansatta" on September 17, 2023, but no claims were received except from the Operational Creditor. The COC comprised only the Operational Creditor. The Agenda Item concerning the withdrawal was reflected at page No. 79 of the application. The resolution was passed by the COC as per Resolution placed at page No.86. The Corporate Debtor has no tangible assets, no business, and no possibility to revive the company. The Directors (Power Suspended) of RSV Earth Enterprises Private Limited are not contactable. Promoters of
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