The case involves an application (I.A. 497/2022) filed under Section 12A of the Insolvency and Bankruptcy Code for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) order that was previously passed against the Corporate Debtor. The Interim Resolution Professional (IRP) filed the application.
The Interim Resolution Professional (IRP) filed an application (I.A. 497/2022) under Section 12A of the Insolvency and Bankruptcy Code to withdraw the CIRP order against the Corporate Debtor. The Committee of Creditors (CoC) resolved to withdraw the CIRP with 100% voting share in its 6th meeting dated 18.02.2022, indicating that the matter was settled. The IRP confirmed that the CIRP costs, including his fees, had been received. The CIRP order was initially passed on 09.09.2021. The application was filed because the parties reached a settlement, making the continuation of the CIRP unnecessary.
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CIRP order was…
The CoC in its 6th meeting passed a…
The case involves an application (I.A. 497/2022) filed under Section 12A of the Insolvency and Bankruptcy Code for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) order that was previously passed against the Corporate Debtor. The Interim Resolution Professional (IRP) filed the application.
The Interim Resolution Professional (IRP) filed an application (I.A. 497/2022) under Section 12A of the Insolvency and Bankruptcy Code to withdraw the CIRP order against the Corporate Debtor. The Committee of Creditors (CoC) resolved to withdraw the CIRP with 100% voting share in its 6th meeting dated 18.02.2022, indicating that the matter was settled. The IRP confirmed that the CIRP costs, including his fees, had been received. The CIRP order was initially passed on 09.09.2021. The application was filed because the parties reached a settlement, making the continuation of the CIRP unnecessary.
CIRP order was…
The CoC in its 6th meeting passed a…