The applicant filed an application seeking permission to withdraw the present Petition/CIRP proceedings due to an amicable settlement with the Corporate Debtor. The applicant/IRP submitted that the matter has been settled between the parties, and the CoC has not been constituted yet. The applicant also mentioned that no claim has been received even after advertisement. The operational creditor has submitted Form FA, and the applicant has received his fee and expenses.
Datacorp Traffic Pvt Ltd (Applicant) initiated CIRP against VaaN Infra Pvt. Ltd. (Respondent). The applicant sought to withdraw the CIRP proceedings based on an amicable settlement with the corporate debtor, VaaN Infra Pvt. Ltd., as per the Full and Final Settlement Agreement dated 2022-01-24. The IRP's fees and expenses were already paid, and no other claims were received after the advertisement. The operational creditor submitted Form FA. The matter was settled before the constitution of the Committee of Creditors (CoC).
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Full and Final Settlement Agreement dated…
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The applicant filed an application seeking permission to withdraw the present Petition/CIRP proceedings due to an amicable settlement with the Corporate Debtor. The applicant/IRP submitted that the matter has been settled between the parties, and the CoC has not been constituted yet. The applicant also mentioned that no claim has been received even after advertisement. The operational creditor has submitted Form FA, and the applicant has received his fee and expenses.
Datacorp Traffic Pvt Ltd (Applicant) initiated CIRP against VaaN Infra Pvt. Ltd. (Respondent). The applicant sought to withdraw the CIRP proceedings based on an amicable settlement with the corporate debtor, VaaN Infra Pvt. Ltd., as per the Full and Final Settlement Agreement dated 2022-01-24. The IRP's fees and expenses were already paid, and no other claims were received after the advertisement. The operational creditor submitted Form FA. The matter was settled before the constitution of the Committee of Creditors (CoC).
Full and Final Settlement Agreement dated…
Order delivered on…
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