An application was filed under Section 12A of the IBC, 2016 by the IRP seeking withdrawal of the CIRP process. The CIRP was initiated vide order dated 11.03.2025 in C.P. (IB)/182(MB)2022, which was challenged before the NCLAT. NCLAT passed an order on 18.03.2025, directing no further steps to be taken in pursuance of the impugned order.
CIRP was commenced vide order dated 11.03.2025 in C.P. (IB)/182(MB)2022.
The order commencing CIRP was impugned before the Hon'ble NCLAT.
NCLAT ordered on 18.03.2025 that no further steps be taken in pursuance of the impugned order.
The appeal was disposed of vide order dated 21.03.2025.
The appellant agreed to pay the entire principal amount of Rs. 1,47,08,269/-.
The operational creditor agreed to accept the amount and file an application under Section 12A for withdrawal of the CIRP process.
The Operational Creditor issued Form-FA dated 28.03.2025.
The IRP received the Bank Guarantee from the Operational Creditor for the balance amount of fees.
Settlement has been arrived at between the parties and the complete settlement amount has been paid.
Sign in to view the parties.
CIRP was commenced vide…
NCLAT ordered that no…
An application was filed under Section 12A of the IBC, 2016 by the IRP seeking withdrawal of the CIRP process. The CIRP was initiated vide order dated 11.03.2025 in C.P. (IB)/182(MB)2022, which was challenged before the NCLAT. NCLAT passed an order on 18.03.2025, directing no further steps to be taken in pursuance of the impugned order.
CIRP was commenced vide order dated 11.03.2025 in C.P. (IB)/182(MB)2022.
The order commencing CIRP was impugned before the Hon'ble NCLAT.
NCLAT ordered on 18.03.2025 that no further steps be taken in pursuance of the impugned order.
The appeal was disposed of vide order dated 21.03.2025.
The appellant agreed to pay the entire principal amount of Rs. 1,47,08,269/-.
The operational creditor agreed to accept the amount and file an application under Section 12A for withdrawal of the CIRP process.
The Operational Creditor issued Form-FA dated 28.03.2025.
The IRP received the Bank Guarantee from the Operational Creditor for the balance amount of fees.
Settlement has been arrived at between the parties and the complete settlement amount has been paid.
CIRP was commenced vide…
NCLAT ordered that no…