MechFab Engineering Industries Pvt. Ltd. (Operational Creditor) initiated a Corporate Insolvency Resolution Process (CIRP) against Bholenath Traders Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016. Subsequently, the Resolution Professional (RP), Mr. Sandeep Khaitan, filed an application (IA(IBC)/85/GB/2026) under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI Regulations, 2016, seeking to withdraw the main Company Petition (CP(IB)/24/GB/2025). This application was based on a settlement reached between the parties, where the Corporate Debtor had deposited the agreed amount.
MechFab Engineering Industries Pvt. Ltd. (OC) initiated a CIRP against Bholenath Traders Private Limited (CD) under Section 9 of IBC, 2016.
Ld. RP filed an application (IA(IBC)/85/GB/2026) under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI Regulations, 2016.
The application sought the withdrawal of the main Company Petition (CP(IB)/24/GB/2025).
The reason for the withdrawal application was that the account had been settled between the parties.
The application was filed in pursuance of an order passed by the Hon'ble NCLAT.
The Respondent, Bholenath Traders Private Limited (CD), deposited the amount as per the settlement agreement.
The Applicant for IA(IBC)/85/GB/2026 is Mr. Sandeep Khaitan, RP.
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Order Sheet…
Ld. RP filed the Application IA(IBC)/85/GB/2026…
MechFab Engineering Industries Pvt. Ltd. (Operational Creditor) initiated a Corporate Insolvency Resolution Process (CIRP) against Bholenath Traders Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016. Subsequently, the Resolution Professional (RP), Mr. Sandeep Khaitan, filed an application (IA(IBC)/85/GB/2026) under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI Regulations, 2016, seeking to withdraw the main Company Petition (CP(IB)/24/GB/2025). This application was based on a settlement reached between the parties, where the Corporate Debtor had deposited the agreed amount.
MechFab Engineering Industries Pvt. Ltd. (OC) initiated a CIRP against Bholenath Traders Private Limited (CD) under Section 9 of IBC, 2016.
Ld. RP filed an application (IA(IBC)/85/GB/2026) under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI Regulations, 2016.
The application sought the withdrawal of the main Company Petition (CP(IB)/24/GB/2025).
The reason for the withdrawal application was that the account had been settled between the parties.
The application was filed in pursuance of an order passed by the Hon'ble NCLAT.
The Respondent, Bholenath Traders Private Limited (CD), deposited the amount as per the settlement agreement.
The Applicant for IA(IBC)/85/GB/2026 is Mr. Sandeep Khaitan, RP.
…Order Sheet…
Ld. RP filed the Application IA(IBC)/85/GB/2026…