The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional (RP) submitted a proposal for withdrawal in Form FA. The Special Bench had previously ordered notice to be served on the Financial Creditor. The authorized representative of the Financial Creditor, Mr. Ashutosh Misra, filed an application for withdrawal of CIRP under Regulation 30A of the IBBI Regulations, 2016. The application was accompanied by the required Bank Guarantee.
Edelweiss Asset Reconstruction Company Pvt. Ltd. filed an application against Sameeksha Estate Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional submitted a proposal for withdrawal of the main petition, CP No. IB-191(PB)/2019, in Form FA. The Special Bench ordered notice to be served on the Financial Creditor. Mr. Ashutosh Misra, the authorized representative of the Financial Creditor, filed an application for withdrawal of CIRP under Regulation 30A of the IBBI Regulations, 2016, accompanied by the required Bank Guarantee. The Court Officer reported that nothing had been filed after 03.03.2022. The court then allowed the withdrawal application and disposed of the case.
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The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional (RP) submitted a proposal for withdrawal in Form FA. The Special Bench had previously ordered notice to be served on the Financial Creditor. The authorized representative of the Financial Creditor, Mr. Ashutosh Misra, filed an application for withdrawal of CIRP under Regulation 30A of the IBBI Regulations, 2016. The application was accompanied by the required Bank Guarantee.
Edelweiss Asset Reconstruction Company Pvt. Ltd. filed an application against Sameeksha Estate Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional submitted a proposal for withdrawal of the main petition, CP No. IB-191(PB)/2019, in Form FA. The Special Bench ordered notice to be served on the Financial Creditor. Mr. Ashutosh Misra, the authorized representative of the Financial Creditor, filed an application for withdrawal of CIRP under Regulation 30A of the IBBI Regulations, 2016, accompanied by the required Bank Guarantee. The Court Officer reported that nothing had been filed after 03.03.2022. The court then allowed the withdrawal application and disposed of the case.
Matter was last heard by Special Bench.…
Special Bench ordered that notice be served on…
Sign in to view related legal provisions.