The case involves an Interlocutory Application (IA/1291(CHE)/2022) filed by the Interim Resolution Professional (IRP) seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Soundararaja Mills Ltd. The CIRP was initially ordered by the Tribunal in CP/87/2022 on 26.08.2022, and the IRP was appointed. The order was communicated to the IRP on 15.10.2022, and a public announcement was made on 17.10.2022.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Soundararaja Mills Ltd. The CIRP was ordered by the Tribunal in CP/87/2022 on 26.08.2022, and an Interim Resolution Professional (IRP) was appointed. The order was communicated to the IRP on 15.10.2022, and a public announcement was made on 17.10.2022. The IRP subsequently filed an application (IA/1291(CHE)/2022) seeking withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016. The IRP stated that no claims were received after the publication of Form-A (dated 02.11.2022). The Operational Creditor, who initiated the CIRP, confirmed that the Corporate Debtor had entered into a settlement with the Applicant. The Operational Creditor also stated that Rs. Two lakh
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The Tribunal ordered…
The order dated…
The case involves an Interlocutory Application (IA/1291(CHE)/2022) filed by the Interim Resolution Professional (IRP) seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against M/s. Soundararaja Mills Ltd. The CIRP was initially ordered by the Tribunal in CP/87/2022 on 26.08.2022, and the IRP was appointed. The order was communicated to the IRP on 15.10.2022, and a public announcement was made on 17.10.2022.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Soundararaja Mills Ltd. The CIRP was ordered by the Tribunal in CP/87/2022 on 26.08.2022, and an Interim Resolution Professional (IRP) was appointed. The order was communicated to the IRP on 15.10.2022, and a public announcement was made on 17.10.2022. The IRP subsequently filed an application (IA/1291(CHE)/2022) seeking withdrawal of the CIRP under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016. The IRP stated that no claims were received after the publication of Form-A (dated 02.11.2022). The Operational Creditor, who initiated the CIRP, confirmed that the Corporate Debtor had entered into a settlement with the Applicant. The Operational Creditor also stated that Rs. Two lakh
…The Tribunal ordered…
The order dated…