The case involves an application (IA No. 639/2022) filed in relation to a Corporate Insolvency Resolution Process (CIRP) initiated under CP(IB) No. 79/9/HDB/2022. The application seeks the withdrawal of the CIRP based on a settlement reached between the parties. The IRP filed the petition under Section 12A of IBC.
Siddhi Ganesh Metals Pvt Ltd, the Operational Creditor, initiated CIRP against M/s. S V Equipments Pvt Ltd, the Corporate Debtor, under CP(IB) No. 79/9/HDB/2022. Subsequently, the parties reached a settlement, and IA No. 639/2022 was filed under Section 12A of the IBC to withdraw the CIRP. A settlement agreement (Form FA dated 29.06.2022) was submitted as evidence of the settlement. The IRP reported that all fees and expenses had been paid. Counsel for both parties confirmed the settlement before the Tribunal. The CIRP order dated 21.06.2022 was in effect before the settlement.
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CIRP order…
Copy of Form F…
The case involves an application (IA No. 639/2022) filed in relation to a Corporate Insolvency Resolution Process (CIRP) initiated under CP(IB) No. 79/9/HDB/2022. The application seeks the withdrawal of the CIRP based on a settlement reached between the parties. The IRP filed the petition under Section 12A of IBC.
Siddhi Ganesh Metals Pvt Ltd, the Operational Creditor, initiated CIRP against M/s. S V Equipments Pvt Ltd, the Corporate Debtor, under CP(IB) No. 79/9/HDB/2022. Subsequently, the parties reached a settlement, and IA No. 639/2022 was filed under Section 12A of the IBC to withdraw the CIRP. A settlement agreement (Form FA dated 29.06.2022) was submitted as evidence of the settlement. The IRP reported that all fees and expenses had been paid. Counsel for both parties confirmed the settlement before the Tribunal. The CIRP order dated 21.06.2022 was in effect before the settlement.
CIRP order…
Copy of Form F…