The case involves an Interlocutory Application (IA 1781/2023) filed in a Corporate Insolvency Resolution Process (CIRP) against Sudeep Plastics Private Limited. The CIRP was initiated based on a Company Petition (CP (IB)/2584(MB)2019) which was admitted on 30.03.2023. The Interim Resolution Professional (IRP) took steps to initiate the CIRP, including publishing notices inviting claims from stakeholders. However, the original petitioner and the corporate debtor settled the matter, leading the original petitioner to withdraw from the CIRP. The IRP then filed the IA seeking withdrawal of the CIRP.
A Company Petition was admitted against Sudeep Plastics Private Limited on 30.03.2023, initiating the Corporate Insolvency Resolution Process (CIRP). The Interim Resolution Professional (IRP) was appointed. The IRP communicated the admission order on 03.04.2023. The IRP published notices inviting claims from stakeholders on 06.04.2023 and 07.04.2023. Only one claim was received from the State Tax Dept. of Gujarat Unit-2(74), Vapi, amounting to Rs. 2,41,885/-. The IRP was required to complete verification of claims by 24.04.2023. On 19.04.2023, the original petitioner communicated that the matter had been settled with the Promotors/Directors of the Corporate Debtor and that they no longer wished to continue with the CIRP. The original petitioner informed the IRP that
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Company Petition against…
Admission Order was…
The case involves an Interlocutory Application (IA 1781/2023) filed in a Corporate Insolvency Resolution Process (CIRP) against Sudeep Plastics Private Limited. The CIRP was initiated based on a Company Petition (CP (IB)/2584(MB)2019) which was admitted on 30.03.2023. The Interim Resolution Professional (IRP) took steps to initiate the CIRP, including publishing notices inviting claims from stakeholders. However, the original petitioner and the corporate debtor settled the matter, leading the original petitioner to withdraw from the CIRP. The IRP then filed the IA seeking withdrawal of the CIRP.
A Company Petition was admitted against Sudeep Plastics Private Limited on 30.03.2023, initiating the Corporate Insolvency Resolution Process (CIRP). The Interim Resolution Professional (IRP) was appointed. The IRP communicated the admission order on 03.04.2023. The IRP published notices inviting claims from stakeholders on 06.04.2023 and 07.04.2023. Only one claim was received from the State Tax Dept. of Gujarat Unit-2(74), Vapi, amounting to Rs. 2,41,885/-. The IRP was required to complete verification of claims by 24.04.2023. On 19.04.2023, the original petitioner communicated that the matter had been settled with the Promotors/Directors of the Corporate Debtor and that they no longer wished to continue with the CIRP. The original petitioner informed the IRP that
…Company Petition against…
Admission Order was…