The case involves an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, filed on behalf of the Resolution Professional (RP) stating that the matter has been settled between the parties. The application is related to the Corporate Insolvency Resolution Process (CIRP) initiated against Sikkim Hydro Power Ventures Ltd. The CoC has approved the settlement with 98.54% votes.
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, seeking withdrawal of the CIRP based on the 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 paid. The court considered these facts and the endorsement of the settlement by the Counsel for AF Consult India Pvt. Ltd.
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Order passed under…
Final order delivered…
The case involves an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, filed on behalf of the Resolution Professional (RP) stating that the matter has been settled between the parties. The application is related to the Corporate Insolvency Resolution Process (CIRP) initiated against Sikkim Hydro Power Ventures Ltd. The CoC has approved the settlement with 98.54% votes.
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, seeking withdrawal of the CIRP based on the 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 paid. The court considered these facts and the endorsement of the settlement by the Counsel for AF Consult India Pvt. Ltd.
Order passed under…
Final order delivered…