The case involves multiple IAs (Interlocutory Applications) filed under the Insolvency and Bankruptcy Code (IBC). The applicant seeks to withdraw IA(I.B.C)/370(KB)2024. An IRP (Interim Resolution Professional) has been replaced, necessitating corrections in the cause title. Additional payments have been made to the RP (Resolution Professional). An application, IA(I.B.C)/227(KB)2023, has been preferred by the new RP seeking reliefs, and voting for withdrawal has been resolved. The Corporate Debtor's insolvency process is being withdrawn.
Satyam Traders initiated a Corporate Insolvency Resolution Process (CIRP) against Subhlaxmi Compusis Private Limited under Section 9 of the IBC. Several Interlocutory Applications (IAs) were filed during the process. The applicant sought to withdraw IA(I.B.C)/370(KB)2024. Mr. Amit Patni, the initial IRP, was replaced by Mr. Rajesh Keshri, requiring a substitution in the cause title. In addition to Rs. 3 Lakhs, Rs. 4 Lakhs were paid to the RP via demand draft, as per the court's direction on February 7, 2024. This payment was handed over to Mr. Makkar's client. IA(I.B.C)/227(KB)2023 was filed by the new RP seeking reliefs outlined in Form FA. Voting for withdrawal showed 100% resolution, leading to the filing of a withdrawal petition. Consequently, the CP itself was
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The case involves multiple IAs (Interlocutory Applications) filed under the Insolvency and Bankruptcy Code (IBC). The applicant seeks to withdraw IA(I.B.C)/370(KB)2024. An IRP (Interim Resolution Professional) has been replaced, necessitating corrections in the cause title. Additional payments have been made to the RP (Resolution Professional). An application, IA(I.B.C)/227(KB)2023, has been preferred by the new RP seeking reliefs, and voting for withdrawal has been resolved. The Corporate Debtor's insolvency process is being withdrawn.
Satyam Traders initiated a Corporate Insolvency Resolution Process (CIRP) against Subhlaxmi Compusis Private Limited under Section 9 of the IBC. Several Interlocutory Applications (IAs) were filed during the process. The applicant sought to withdraw IA(I.B.C)/370(KB)2024. Mr. Amit Patni, the initial IRP, was replaced by Mr. Rajesh Keshri, requiring a substitution in the cause title. In addition to Rs. 3 Lakhs, Rs. 4 Lakhs were paid to the RP via demand draft, as per the court's direction on February 7, 2024. This payment was handed over to Mr. Makkar's client. IA(I.B.C)/227(KB)2023 was filed by the new RP seeking reliefs outlined in Form FA. Voting for withdrawal showed 100% resolution, leading to the filing of a withdrawal petition. Consequently, the CP itself was
…Attendance-cum-order…
Direction on 07th…