The case involves a Company Petition No. 747/IB/MB/2021 filed under Section 7 of the Insolvency & Bankruptcy Code, 2016. The applicant/IRP filed IA No. 340/2023 seeking withdrawal of the main Company Petition in view of a settlement between the Financial Creditor and the Corporate Debtor.
IA No. 340/2023 was filed by the IRP seeking withdrawal of Company Petition No. 747/IB/MB/2021.
The application for withdrawal was based on a settlement between the Financial Creditor and the Corporate Debtor.
The Financial Creditor submitted Form-FA dated 28.11.2022 for withdrawal of the CIRP process.
The bench allowed the application and disposed of the main Company Petition as withdrawn.
The CIRP order dated 15.11.2022 was recalled, and the Corporate Debtor was released from the moratorium.
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CIRP order pa…
Financial creditor…
The case involves a Company Petition No. 747/IB/MB/2021 filed under Section 7 of the Insolvency & Bankruptcy Code, 2016. The applicant/IRP filed IA No. 340/2023 seeking withdrawal of the main Company Petition in view of a settlement between the Financial Creditor and the Corporate Debtor.
IA No. 340/2023 was filed by the IRP seeking withdrawal of Company Petition No. 747/IB/MB/2021.
The application for withdrawal was based on a settlement between the Financial Creditor and the Corporate Debtor.
The Financial Creditor submitted Form-FA dated 28.11.2022 for withdrawal of the CIRP process.
The bench allowed the application and disposed of the main Company Petition as withdrawn.
The CIRP order dated 15.11.2022 was recalled, and the Corporate Debtor was released from the moratorium.
CIRP order pa…
Financial creditor…