This case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) by the Operational Creditor (OC) through the Interim Resolution Professional (IRP), Mr. Umesh Balaram Sonkar, before the constitution of the Committee of Creditors (CoC). The application seeks to withdraw the main Company Petition 920 of 2022, based on a settlement agreement dated 31.01.2024 between the Operational Creditor and the Corporate Debtor. The suspended director of the Corporate Debtor has provided an undertaking cum personal guarantee dated 31.01.2024 to secure the debt payment. The Operational Creditor has also submitted Form FA dated 31.01.2024 for the withdrawal of the Corporate Insolvency Resolution Process (CIRP).
Sanyo Special Steel Manufacturing India Private Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Supreme Engineering Limited under Section 9 of the IBC, 2016. An application (I.A. 575/2024) was filed under Section 12A of the IBC by the Operational Creditor (Sanyo Special Steel Manufacturing India Private Limited) through the Interim Resolution Professional (IRP), Mr. Umesh Balaram Sonkar, seeking to withdraw the main Company Petition (C.P. 920/2022) before the constitution of the Committee of Creditors (CoC). This withdrawal request was based on a settlement agreement dated 31.01.2024 entered into between the Operational Creditor and the Corporate Debtor. The suspended director of Supreme Engineering Limited provided an undertaking cum
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This case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) by the Operational Creditor (OC) through the Interim Resolution Professional (IRP), Mr. Umesh Balaram Sonkar, before the constitution of the Committee of Creditors (CoC). The application seeks to withdraw the main Company Petition 920 of 2022, based on a settlement agreement dated 31.01.2024 between the Operational Creditor and the Corporate Debtor. The suspended director of the Corporate Debtor has provided an undertaking cum personal guarantee dated 31.01.2024 to secure the debt payment. The Operational Creditor has also submitted Form FA dated 31.01.2024 for the withdrawal of the Corporate Insolvency Resolution Process (CIRP).
Sanyo Special Steel Manufacturing India Private Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Supreme Engineering Limited under Section 9 of the IBC, 2016. An application (I.A. 575/2024) was filed under Section 12A of the IBC by the Operational Creditor (Sanyo Special Steel Manufacturing India Private Limited) through the Interim Resolution Professional (IRP), Mr. Umesh Balaram Sonkar, seeking to withdraw the main Company Petition (C.P. 920/2022) before the constitution of the Committee of Creditors (CoC). This withdrawal request was based on a settlement agreement dated 31.01.2024 entered into between the Operational Creditor and the Corporate Debtor. The suspended director of Supreme Engineering Limited provided an undertaking cum
…Company Petitio…
Settlement agreement entered into between the…