The case involves an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation, 2016, seeking withdrawal of the Corporate Debtor from the Corporate Insolvency Resolution Process. The applicant, through the Interim Resolution Professional (IRP), filed the application based on Form-FA received from the applicant, on whose application the CIRP was initiated against the Corporate Debtor. The IRP confirmed that costs and fees have been received.
Ashmira Housing Private Limited, an Operational Creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against Vibrus Homes Private Limited, the Corporate Debtor. Mr. Vivek Kumar was appointed as the Interim Resolution Professional (IRP). Subsequently, an application (I.A. No. 665 of 2022) was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the CIRP. The IRP received Form FA from the applicant before the constitution of the Committee of Creditors (CoC). The IRP also confirmed that all costs and fees had been received. A Financial Creditor had submitted a claim before the IRP. The application for withdrawal was based on a settlement. The relevance of the IRP receiving Form FA before the CoC constitution is that
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Company Petition (IB)…
The IRP recei…
The case involves an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation, 2016, seeking withdrawal of the Corporate Debtor from the Corporate Insolvency Resolution Process. The applicant, through the Interim Resolution Professional (IRP), filed the application based on Form-FA received from the applicant, on whose application the CIRP was initiated against the Corporate Debtor. The IRP confirmed that costs and fees have been received.
Ashmira Housing Private Limited, an Operational Creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against Vibrus Homes Private Limited, the Corporate Debtor. Mr. Vivek Kumar was appointed as the Interim Resolution Professional (IRP). Subsequently, an application (I.A. No. 665 of 2022) was filed under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking to withdraw the CIRP. The IRP received Form FA from the applicant before the constitution of the Committee of Creditors (CoC). The IRP also confirmed that all costs and fees had been received. A Financial Creditor had submitted a claim before the IRP. The application for withdrawal was based on a settlement. The relevance of the IRP receiving Form FA before the CoC constitution is that
…Company Petition (IB)…
The IRP recei…