An application was filed by Resipol Adhesives Pvt. Ltd (Operational Creditor/Applicant) under Section 12A of the Insolvency and Bankruptcy Code, 2016, along with Regulation 30A (1) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application sought the withdrawal of the Corporate Insolvency Resolution Process (CIRP) that had been initiated against Status Seramik India Pvt. Ltd (Corporate Debtor) by an order dated 25.02.2026. This withdrawal request was a consequence of a settlement agreement executed on 09.03.2026 between Mr. Manan Hareshbhai Patel, a shareholder of Status Seramik India Pvt. Ltd, and Resipol Adhesives Pvt. Ltd, which fully settled the outstanding debt. Following the settlement, the Operational Creditor submitted
…An application (IA/417(AHM)2026) was filed under Section 12A of the IBC, 2016, with Regulation 30A (1) for withdrawal of the CIRP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Status Seramik India Pvt. Ltd by an order dated 25.02.2026.
A settlement agreement was executed on 09.03.2026 between Mr. Manan Hareshbhai Patel (shareholder of Corporate Debtor) and M/s. Resipol Adhesives Pvt. Ltd (Operational Creditor), settling the outstanding debt.
The Operational Creditor submitted Form FA on 10.03.2026 (received by IRP on 11.03.2026) seeking withdrawal under Regulation 30A.
A public announcement regarding the CIRP was made on 27.02.2026 in 'The Indian Express' and 'Sandesh', inviting claims from creditors.
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Applicant made a public announcement in 'The…
Sign in to view related legal provisions.
An application was filed by Resipol Adhesives Pvt. Ltd (Operational Creditor/Applicant) under Section 12A of the Insolvency and Bankruptcy Code, 2016, along with Regulation 30A (1) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application sought the withdrawal of the Corporate Insolvency Resolution Process (CIRP) that had been initiated against Status Seramik India Pvt. Ltd (Corporate Debtor) by an order dated 25.02.2026. This withdrawal request was a consequence of a settlement agreement executed on 09.03.2026 between Mr. Manan Hareshbhai Patel, a shareholder of Status Seramik India Pvt. Ltd, and Resipol Adhesives Pvt. Ltd, which fully settled the outstanding debt. Following the settlement, the Operational Creditor submitted
…An application (IA/417(AHM)2026) was filed under Section 12A of the IBC, 2016, with Regulation 30A (1) for withdrawal of the CIRP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Status Seramik India Pvt. Ltd by an order dated 25.02.2026.
A settlement agreement was executed on 09.03.2026 between Mr. Manan Hareshbhai Patel (shareholder of Corporate Debtor) and M/s. Resipol Adhesives Pvt. Ltd (Operational Creditor), settling the outstanding debt.
The Operational Creditor submitted Form FA on 10.03.2026 (received by IRP on 11.03.2026) seeking withdrawal under Regulation 30A.
A public announcement regarding the CIRP was made on 27.02.2026 in 'The Indian Express' and 'Sandesh', inviting claims from creditors.
…Corporate Insolvency Resolution Process (CIRP)…
Applicant made a public announcement in 'The…
Sign in to view related legal provisions.