Allowed
In the matter of Ams Trading And Investment Private Limited Ia 3443-2022 (New Ia) in C.P.(IB)-3793(MB)2019
Case brief
AI extract
What is this about?
Tribunal allowed an application filed by the Resolution Professional under Section 12A read with Section 60(5) of the IBC and Regulation 30A of the IBC Regulations. Upon verification of full and final settlement by the Financial Creditor, the concerned CIRP petition was quashed and closed.
What did the court decide?
Withdrawal of the Insolvency Petition; removal of the Corporate Insolvency Resolution Process (CIRP) petition from the rigour of CIRP; closure of the matter.