The case pertains to a Contempt Petition filed in relation to a Corporate Insolvency Resolution Process (CIRP) initiated against M/s Wisdom IT Services Pvt Ltd. Falcon Minds Consulting Pvt Ltd is the operational creditor. The application seeks withdrawal of the CIRP order dated 01.09.2022.
Falcon Minds Consulting Pvt Ltd initiated CIRP against M/s Wisdom IT Services Pvt Ltd. The CIRP order was issued on 01.09.2022. Subsequently, the corporate debtor settled the matter with the operational creditor, and the amount payable was duly paid. The Resolution Professional (RP) presented a resolution passed by the Committee of Creditors (COC) supporting the withdrawal of the CIRP. The RP also filed Form FA. The court noted that proof of payment had been filed and that the resolution showed requisite majority. Based on these facts, the court allowed the application to withdraw the CIRP.
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CIRP order was…
Hearing held on…
The case pertains to a Contempt Petition filed in relation to a Corporate Insolvency Resolution Process (CIRP) initiated against M/s Wisdom IT Services Pvt Ltd. Falcon Minds Consulting Pvt Ltd is the operational creditor. The application seeks withdrawal of the CIRP order dated 01.09.2022.
Falcon Minds Consulting Pvt Ltd initiated CIRP against M/s Wisdom IT Services Pvt Ltd. The CIRP order was issued on 01.09.2022. Subsequently, the corporate debtor settled the matter with the operational creditor, and the amount payable was duly paid. The Resolution Professional (RP) presented a resolution passed by the Committee of Creditors (COC) supporting the withdrawal of the CIRP. The RP also filed Form FA. The court noted that proof of payment had been filed and that the resolution showed requisite majority. Based on these facts, the court allowed the application to withdraw the CIRP.
CIRP order was…
Hearing held on…