The case involves an application (I.A. 1023/2022) filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) order that was previously passed against the Corporate Debtor. The CoC in its 12th meeting dated 29.03.2022 passed a resolution for withdrawal of the CIRP with 100% voting share as the matter was settled.
The Interim Resolution Professional (IRP) filed an application (I.A. 1023/2022) under Section 12A of the Insolvency and Bankruptcy Code to withdraw the CIRP order against the Corporate Debtor. The Corporate Debtor is U S Realty Pvt Ltd. The Committee of Creditors (CoC) approved the withdrawal in its 12th meeting on 29.03.2022 with 100% voting share, indicating a settlement. The IRP confirmed receipt of CIRP costs, including his fee. The original CIRP order was dated 29.01.2020. The application was filed because the matter was settled.
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CIRP order was…
The Committee of Creditors (CoC) in its 12th…
The case involves an application (I.A. 1023/2022) filed by the Interim Resolution Professional (IRP) under Section 12A of the Insolvency and Bankruptcy Code for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) order that was previously passed against the Corporate Debtor. The CoC in its 12th meeting dated 29.03.2022 passed a resolution for withdrawal of the CIRP with 100% voting share as the matter was settled.
The Interim Resolution Professional (IRP) filed an application (I.A. 1023/2022) under Section 12A of the Insolvency and Bankruptcy Code to withdraw the CIRP order against the Corporate Debtor. The Corporate Debtor is U S Realty Pvt Ltd. The Committee of Creditors (CoC) approved the withdrawal in its 12th meeting on 29.03.2022 with 100% voting share, indicating a settlement. The IRP confirmed receipt of CIRP costs, including his fee. The original CIRP order was dated 29.01.2020. The application was filed because the matter was settled.
CIRP order was…
The Committee of Creditors (CoC) in its 12th…