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, the parties reached a settlement, which was approved by the Committee of Creditors (CoC) with 98.54% of the votes. The Resolution Professional (RP) then filed an application under Section 12A of the IBC to withdraw the CIRP. The RP confirmed that all dues and fees had been cleared. The key fact is the settlement between the parties and its approval by the CoC, leading to the withdrawal application.

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, the parties reached a settlement, which was approved by the Committee of Creditors (CoC) with 98.54% of the votes. The Resolution Professional (RP) then filed an application under Section 12A of the IBC to withdraw the CIRP. The RP confirmed that all dues and fees had been cleared. The key fact is the settlement between the parties and its approval by the CoC, leading to the withdrawal application.