An application was filed by the IRP under Section 12A of the IBC, 2016 seeking withdrawal of the IB-334/ND/2020 on the ground that both the parties (Operational Creditor and Corporate Debtor) have settled the matter.
An application was filed by the IRP under Section 12A of the IBC, 2016, seeking withdrawal of the IB-334/ND/2020.
The application for withdrawal was based on the ground that both the Operational Creditor and Corporate Debtor had settled the matter.
The Adjudicating Authority issued notice to the Financial Creditor, Union Bank of India, to file their reply.
The CoC was constituted, and Union Bank of India was the only member of the CoC.
The CoC resolved by 100% voting to allow the filing of the Section 12A application.
The matter has been settled with the Corporate Debtor in respect of the claim of the Financial Creditor.
The Adjudicating Authority granted liberty for withdrawal of IB-334/ND/2020 in terms of Section 12A of the IBC, 2016.
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Adjudicating Authority issued notice to the…
CoC resolved by 100% voting, for giving…
An application was filed by the IRP under Section 12A of the IBC, 2016 seeking withdrawal of the IB-334/ND/2020 on the ground that both the parties (Operational Creditor and Corporate Debtor) have settled the matter.
An application was filed by the IRP under Section 12A of the IBC, 2016, seeking withdrawal of the IB-334/ND/2020.
The application for withdrawal was based on the ground that both the Operational Creditor and Corporate Debtor had settled the matter.
The Adjudicating Authority issued notice to the Financial Creditor, Union Bank of India, to file their reply.
The CoC was constituted, and Union Bank of India was the only member of the CoC.
The CoC resolved by 100% voting to allow the filing of the Section 12A application.
The matter has been settled with the Corporate Debtor in respect of the claim of the Financial Creditor.
The Adjudicating Authority granted liberty for withdrawal of IB-334/ND/2020 in terms of Section 12A of the IBC, 2016.
…Adjudicating Authority issued notice to the…
CoC resolved by 100% voting, for giving…