The case involves an application for withdrawal of a corporate insolvency resolution process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) filed the application, supported by a 100% mandate from the Committee of Creditors (CoC). The application was pending before the Adjudicating Authority under Section 9 of the IBC, 2016.
Dinesh Aggarwal, the Operational Creditor/Applicant, initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Vignesh Alutech India Pvt. Ltd., the Corporate Debtor/Respondent. The Resolution Professional (RP) filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Rule 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Person) Regulations, 2016, seeking withdrawal of the CIRP. The Committee of Creditors (CoC) approved the withdrawal with a 100% mandate. The application was pending before the Adjudicating Authority under Section 9 of the IBC, 2016. The RP prayed for the withdrawal, and the court granted permission. Consequently, MA (IBC) No. 07/JPR/2022 was allowed, and CP
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Corporate Ins…
Contempt Appl…
The case involves an application for withdrawal of a corporate insolvency resolution process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) filed the application, supported by a 100% mandate from the Committee of Creditors (CoC). The application was pending before the Adjudicating Authority under Section 9 of the IBC, 2016.
Dinesh Aggarwal, the Operational Creditor/Applicant, initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Vignesh Alutech India Pvt. Ltd., the Corporate Debtor/Respondent. The Resolution Professional (RP) filed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Rule 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Person) Regulations, 2016, seeking withdrawal of the CIRP. The Committee of Creditors (CoC) approved the withdrawal with a 100% mandate. The application was pending before the Adjudicating Authority under Section 9 of the IBC, 2016. The RP prayed for the withdrawal, and the court granted permission. Consequently, MA (IBC) No. 07/JPR/2022 was allowed, and CP
…Corporate Ins…
Contempt Appl…