The case involves an application (IA-541/2025) filed by the Resolution Professional (RP) of Supertharrm Engineers Private Limited, the Corporate Debtor (CD), seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) that commenced on 07.06.2022. The initial CIRP was initiated based on an application (CP(IB)-1442/2020) filed by Vidya Sahakari Bank Ltd. under Section 7 of the IBC.
Vidya Sahakari Bank Ltd. initiated CIRP against Supertharrm Engineers Private Limited (Corporate Debtor) via CP(IB)-1442/2020 under Section 7 of the IBC.
CIRP was initiated on 07.06.2022.
Sunil Gajanan Nanai was appointed as the Interim Resolution Professional (IRP).
The IRP made a public announcement and constituted the Committee of Creditors (CoC).
No resolution plan was approved during the CIRP.
The RP moved IA No.64/2023 seeking commencement of liquidation, which was allowed on 07.08.2023.
The Directors of the suspended board appealed against the liquidation order, and the NCLAT set aside the liquidation order on 22.03.2024, directing payment to the sole CoC member.
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CIRP commenced…
Tribunal allowed the…
The case involves an application (IA-541/2025) filed by the Resolution Professional (RP) of Supertharrm Engineers Private Limited, the Corporate Debtor (CD), seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) that commenced on 07.06.2022. The initial CIRP was initiated based on an application (CP(IB)-1442/2020) filed by Vidya Sahakari Bank Ltd. under Section 7 of the IBC.
Vidya Sahakari Bank Ltd. initiated CIRP against Supertharrm Engineers Private Limited (Corporate Debtor) via CP(IB)-1442/2020 under Section 7 of the IBC.
CIRP was initiated on 07.06.2022.
Sunil Gajanan Nanai was appointed as the Interim Resolution Professional (IRP).
The IRP made a public announcement and constituted the Committee of Creditors (CoC).
No resolution plan was approved during the CIRP.
The RP moved IA No.64/2023 seeking commencement of liquidation, which was allowed on 07.08.2023.
The Directors of the suspended board appealed against the liquidation order, and the NCLAT set aside the liquidation order on 22.03.2024, directing payment to the sole CoC member.
…CIRP commenced…
Tribunal allowed the…