An application, IA (IBC)/1808/2024 in Company Petition IB/190/9/2022, was filed before the National Company Law Tribunal (NCLT), Hyderabad Bench. The application was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Resolution Professional, Mr. Ramana Reddy, was present. Counsel Mr. M.M. Viswaraj represented the Resolution Professional, and PCS Ms. Devangi represented the Financial Creditor. The court noted that compliance with the provisions had been met. Therefore, the application was allowed, and the CIRP of the Corporate Debtor was withdrawn, and the Resolution Professional was discharged.

An application, IA (IBC)/1808/2024 in Company Petition IB/190/9/2022, was filed before the National Company Law Tribunal (NCLT), Hyderabad Bench. The application was filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) for the withdrawal of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Resolution Professional, Mr. Ramana Reddy, was present. Counsel Mr. M.M. Viswaraj represented the Resolution Professional, and PCS Ms. Devangi represented the Financial Creditor. The court noted that compliance with the provisions had been met. Therefore, the application was allowed, and the CIRP of the Corporate Debtor was withdrawn, and the Resolution Professional was discharged.