The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) sought the withdrawal based on a resolution passed by the Committee of Creditors (CoC) with 100% voting in favor of the withdrawal. The resolution was placed at page 84 of the Interlocutory Application (IA) and supported by Form FA, placed at page 86 of the IA.
Venus Creation is undergoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the CIRP. The basis for the withdrawal application was a resolution passed by the Committee of Creditors (CoC) with 100% voting in favor of the withdrawal. The resolution and supporting documents (Form FA) were placed on record. The RP is present in person and represented by counsel. The CoC's unanimous decision is a key fact supporting the withdrawal application.
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Hearing held on November 14, 2022, at 02:00 P.M.…
The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) sought the withdrawal based on a resolution passed by the Committee of Creditors (CoC) with 100% voting in favor of the withdrawal. The resolution was placed at page 84 of the Interlocutory Application (IA) and supported by Form FA, placed at page 86 of the IA.
Venus Creation is undergoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the CIRP. The basis for the withdrawal application was a resolution passed by the Committee of Creditors (CoC) with 100% voting in favor of the withdrawal. The resolution and supporting documents (Form FA) were placed on record. The RP is present in person and represented by counsel. The CoC's unanimous decision is a key fact supporting the withdrawal application.
Hearing held on November 14, 2022, at 02:00 P.M.…