Eduvanz Financing Private Limited, as the applicant, filed IA(IBC)/196/GB/2026 under Section 12A of the IBC, 2016, seeking withdrawal of the main company petition, CP(IB)/9/GB/2025, which had initiated Corporate Insolvency Resolution Process (CIRP) against Abutani Mercantile Private Limited under Section 7 of the IBC. The CIRP was admitted on 04.12.2025. The application for withdrawal was based on a settlement reached between the parties.
An application, IA(IBC)/196/GB/2026, was filed under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and Rule 11 of the NCLT Rules, 2016.
The application sought withdrawal of the main company petition, CP(IB)/9/GB/2025, which was filed under Section 7 of the IBC, 2016.
The main company petition, CP(IB)/9/GB/2025, led to the admission of CIRP against M/s. Abutani Mercantile Pvt. Ltd. on 04.12.2025.
The matter has been settled between the parties involved in the main company petition.
The proposal for withdrawal of the proceedings was approved by the Committee of Creditors with a 100% voting share in its fourth COC meeting held on 16.09.2026.
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Admission order for Corporate Insolvency…
The Committee of Creditors (CoC) held its…
Eduvanz Financing Private Limited, as the applicant, filed IA(IBC)/196/GB/2026 under Section 12A of the IBC, 2016, seeking withdrawal of the main company petition, CP(IB)/9/GB/2025, which had initiated Corporate Insolvency Resolution Process (CIRP) against Abutani Mercantile Private Limited under Section 7 of the IBC. The CIRP was admitted on 04.12.2025. The application for withdrawal was based on a settlement reached between the parties.
An application, IA(IBC)/196/GB/2026, was filed under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and Rule 11 of the NCLT Rules, 2016.
The application sought withdrawal of the main company petition, CP(IB)/9/GB/2025, which was filed under Section 7 of the IBC, 2016.
The main company petition, CP(IB)/9/GB/2025, led to the admission of CIRP against M/s. Abutani Mercantile Pvt. Ltd. on 04.12.2025.
The matter has been settled between the parties involved in the main company petition.
The proposal for withdrawal of the proceedings was approved by the Committee of Creditors with a 100% voting share in its fourth COC meeting held on 16.09.2026.
…Admission order for Corporate Insolvency…
The Committee of Creditors (CoC) held its…