The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against M/s Vishnu Oil Mills Pvt. Ltd. The Financial Creditor/Applicant, Mr. Dilip Bafna HUF & Ors., filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Interim Resolution Professional (IRP) was Babu Lal Sharma. The application for withdrawal of the ongoing CIRP was filed based on a settlement between the parties.
Mr. Dilip Bafna HUF & Ors., the Financial Creditor/Applicant, initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Vishnu Oil Mills Pvt. Ltd., the Corporate Debtor/Respondent, under Section 7 of the IBC, 2016. Babu Lal Sharma was appointed as the Interim Resolution Professional (IRP). The Financial Creditor and the Corporate Debtor subsequently reached a settlement, with the Financial Creditor receiving the agreed settlement amount. The Financial Creditor then filed an application under Section 12A of the IBC, 2016, read with Regulation 30A of the CIRP Regulations, 2016, seeking withdrawal of the ongoing CIRP. The application was supported by Form F-A dated 15.06.2023 and a Power of Attorney vide Email dated 15.06.2024. The order for CIRP was
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The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against M/s Vishnu Oil Mills Pvt. Ltd. The Financial Creditor/Applicant, Mr. Dilip Bafna HUF & Ors., filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Interim Resolution Professional (IRP) was Babu Lal Sharma. The application for withdrawal of the ongoing CIRP was filed based on a settlement between the parties.
Mr. Dilip Bafna HUF & Ors., the Financial Creditor/Applicant, initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Vishnu Oil Mills Pvt. Ltd., the Corporate Debtor/Respondent, under Section 7 of the IBC, 2016. Babu Lal Sharma was appointed as the Interim Resolution Professional (IRP). The Financial Creditor and the Corporate Debtor subsequently reached a settlement, with the Financial Creditor receiving the agreed settlement amount. The Financial Creditor then filed an application under Section 12A of the IBC, 2016, read with Regulation 30A of the CIRP Regulations, 2016, seeking withdrawal of the ongoing CIRP. The application was supported by Form F-A dated 15.06.2023 and a Power of Attorney vide Email dated 15.06.2024. The order for CIRP was
…Filing of C…
Applicant received a…