The application IA 3282 of 2022 was filed by the IRP, Mr. Umang S. Khandelwal, under Section 12A and Regulation 30A, seeking withdrawal of the main Company Petition No. 985 of 2021. This withdrawal was requested due to the settlement of dues between the Financial Creditor (Bank of India) and the Corporate Debtor (Vitthal Refined Sugars Limited).
The IRP, Mr. Umang S. Khandelwal, filed an application (IA 3282 of 2022) seeking withdrawal of the main Company Petition No. 985 of 2021. The basis for the withdrawal was the settlement of dues between the Financial Creditor, Bank of India, and the Corporate Debtor, Vitthal Refined Sugars Limited. The Suspended Directors of Vitthal Refined Sugars Limited settled the outstanding dues with Bank of India for Rs. 12.75 crores, which was accepted as a full and final settlement against the total admitted dues of Rs. 30.00 crores. Bank of India issued a No Dues Certificate dated 02.11.2022 after receiving the outstanding dues. The Financial Creditor submitted Form-FA dated 02.11.2022 via email on 03.11.2022 for the withdrawal of the CIRP process. The IRP confirmed that all
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Company Petit…
CIRP order was…
The application IA 3282 of 2022 was filed by the IRP, Mr. Umang S. Khandelwal, under Section 12A and Regulation 30A, seeking withdrawal of the main Company Petition No. 985 of 2021. This withdrawal was requested due to the settlement of dues between the Financial Creditor (Bank of India) and the Corporate Debtor (Vitthal Refined Sugars Limited).
The IRP, Mr. Umang S. Khandelwal, filed an application (IA 3282 of 2022) seeking withdrawal of the main Company Petition No. 985 of 2021. The basis for the withdrawal was the settlement of dues between the Financial Creditor, Bank of India, and the Corporate Debtor, Vitthal Refined Sugars Limited. The Suspended Directors of Vitthal Refined Sugars Limited settled the outstanding dues with Bank of India for Rs. 12.75 crores, which was accepted as a full and final settlement against the total admitted dues of Rs. 30.00 crores. Bank of India issued a No Dues Certificate dated 02.11.2022 after receiving the outstanding dues. The Financial Creditor submitted Form-FA dated 02.11.2022 via email on 03.11.2022 for the withdrawal of the CIRP process. The IRP confirmed that all
…Company Petit…
CIRP order was…