The case pertains to an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) moved the application stating that the matter has been settled between the parties. The counsel for AF Consult India Pvt. Ltd. endorsed the settlement. The Committee of Creditors (CoC) approved the settlement with 98.54% votes, leading to a request for withdrawal of the petition.
AF Consult India Pvt Ltd initiated a Corporate Insolvency Resolution Process (CIRP) against Sikkim Hydro Power Ventures Ltd under Section 9 of the IBC, 2016. During the CIRP, a settlement was reached between AF Consult India Pvt Ltd and Sikkim Hydro Power Ventures Ltd. The Resolution Professional (RP) filed an application under Section 12A of the IBC to withdraw the CIRP based on this settlement. The Committee of Creditors (CoC) approved the settlement with 98.54% of the votes. The RP confirmed that all dues and fees had been cleared. The application IA/1584/ND/2022 was filed in the context of IB/1635/ND/2018.
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Order passed under…
Final order delivered…
The case pertains to an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) moved the application stating that the matter has been settled between the parties. The counsel for AF Consult India Pvt. Ltd. endorsed the settlement. The Committee of Creditors (CoC) approved the settlement with 98.54% votes, leading to a request for withdrawal of the petition.
AF Consult India Pvt Ltd initiated a Corporate Insolvency Resolution Process (CIRP) against Sikkim Hydro Power Ventures Ltd under Section 9 of the IBC, 2016. During the CIRP, a settlement was reached between AF Consult India Pvt Ltd and Sikkim Hydro Power Ventures Ltd. The Resolution Professional (RP) filed an application under Section 12A of the IBC to withdraw the CIRP based on this settlement. The Committee of Creditors (CoC) approved the settlement with 98.54% of the votes. The RP confirmed that all dues and fees had been cleared. The application IA/1584/ND/2022 was filed in the context of IB/1635/ND/2018.
Order passed under…
Final order delivered…