Allowed
In the matter of Bharat Bight Bars Pvt. Ltd. Ma 7523-2019 in C.P.(IB)-3967(MB)-2018
Case brief
AI extract
What is this about?
The Tribunal allowed the application by the sole financial creditor for withdrawal of the Corporate Insolvency Resolution Process under Section 12A of the I&B Code, finding that the debt had been fully settled and CIRP costs were covered.
What did the court decide?
The application seeking permission to withdraw the Corporate Insolvency Resolution Process was allowed.