M/s. Rama Tent House filed a petition against M/s. Unisons Hotels Pvt. Ltd. under Section 9 of the IB Code, 2016, initiating a Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed. Subsequently, the IRP filed an application (IA/5810/2023) seeking to withdraw the CIRP. The court heard the counsel for the applicant and granted permission to withdraw the petition. The order admitting the CIRP was terminated, and the IRP was discharged from their duties, with instructions to hand over all relevant documents to the Corporate Debtor. The moratorium issued under Section 14 was also terminated as a consequence of the CIRP's termination. The Company Petition bearing IB/596/ND/2020 was dismissed as withdrawn.

M/s. Rama Tent House filed a petition against M/s. Unisons Hotels Pvt. Ltd. under Section 9 of the IB Code, 2016, initiating a Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed. Subsequently, the IRP filed an application (IA/5810/2023) seeking to withdraw the CIRP. The court heard the counsel for the applicant and granted permission to withdraw the petition. The order admitting the CIRP was terminated, and the IRP was discharged from their duties, with instructions to hand over all relevant documents to the Corporate Debtor. The moratorium issued under Section 14 was also terminated as a consequence of the CIRP's termination. The Company Petition bearing IB/596/ND/2020 was dismissed as withdrawn.