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 Corporate Debtor is U S Realty Pvt Ltd.
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, U S Realty Pvt Ltd. The CoC approved the withdrawal in its 12th meeting on 2022-03-29 with 100% voting share, indicating a settlement. The IRP confirmed receipt of CIRP costs, including fees. The original CIRP order was issued on 2020-01-29. The application for withdrawal was deemed appropriate by the court.
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CIRP order was…
The CoC in its 12th meeting passed a…
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 Corporate Debtor is U S Realty Pvt Ltd.
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, U S Realty Pvt Ltd. The CoC approved the withdrawal in its 12th meeting on 2022-03-29 with 100% voting share, indicating a settlement. The IRP confirmed receipt of CIRP costs, including fees. The original CIRP order was issued on 2020-01-29. The application for withdrawal was deemed appropriate by the court.
CIRP order was…
The CoC in its 12th meeting passed a…