The application IA/4612/ND/2022 was filed on behalf of the IRP under Section 12A of the Code for withdrawal of the CIRP proceedings initiated against the Corporate Debtor. The IRP's counsel stated that the matter is settled between the parties, and the financial creditor wants to withdraw the petition IB/705/ND/2021. The CIRP costs have already been paid.
Ugro Capital Limited filed an application against Samyak Metals Private Limited, initiating CIRP proceedings. The IRP filed an application (IA/4612/ND/2022) under Section 12A of the Code for withdrawal of the CIRP proceedings. The IRP's counsel stated that the matter was settled between the parties, and the financial creditor wanted to withdraw the petition (IB/705/ND/2021). The CIRP costs were already paid. The court then allowed the application and dismissed the CIRP proceedings.
Sign in to view the parties.
Application IA/4612/ND/2022 filed by IRP…
Order delivered on 27.09.2022 allowing the…
The application IA/4612/ND/2022 was filed on behalf of the IRP under Section 12A of the Code for withdrawal of the CIRP proceedings initiated against the Corporate Debtor. The IRP's counsel stated that the matter is settled between the parties, and the financial creditor wants to withdraw the petition IB/705/ND/2021. The CIRP costs have already been paid.
Ugro Capital Limited filed an application against Samyak Metals Private Limited, initiating CIRP proceedings. The IRP filed an application (IA/4612/ND/2022) under Section 12A of the Code for withdrawal of the CIRP proceedings. The IRP's counsel stated that the matter was settled between the parties, and the financial creditor wanted to withdraw the petition (IB/705/ND/2021). The CIRP costs were already paid. The court then allowed the application and dismissed the CIRP proceedings.
Application IA/4612/ND/2022 filed by IRP…
Order delivered on 27.09.2022 allowing the…