The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code (I&B Code) read with the NCLT Rules, 2016 and regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Company Petition was admitted on 06.06.2022.
The Interglobe Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Shah Group Builders & Infraprojects Limited. The Company Petition was admitted on 06.06.2022. Subsequently, the Petitioner and Corporate Debtor amicably settled the matter for an amount of Rs.55.00 Lakhs. The fees and expenses of the Interim Resolution Professional (IRP) were paid in full. An application was filed under Section 12A of the I&B Code for withdrawal of the CIRP. The court convened through video conference. The IRP also filed form FA.
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The Company Petition…
Order sheet…
The case involves an application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code (I&B Code) read with the NCLT Rules, 2016 and regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Company Petition was admitted on 06.06.2022.
The Interglobe Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Shah Group Builders & Infraprojects Limited. The Company Petition was admitted on 06.06.2022. Subsequently, the Petitioner and Corporate Debtor amicably settled the matter for an amount of Rs.55.00 Lakhs. The fees and expenses of the Interim Resolution Professional (IRP) were paid in full. An application was filed under Section 12A of the I&B Code for withdrawal of the CIRP. The court convened through video conference. The IRP also filed form FA.
The Company Petition…
Order sheet…