Allowed
In the matter of Sushwani Karani Event and Media Pvt. Ltd. IA(I.B.C)-795,891 & 887(KB)2022 in C.P. (IB)-728(KB)2020
Case brief
AI extract
What is this about?
The National Company Law Tribunal Kolkata Bench allowed IA(I.B.C)/887(KB)2022, filed under Section 12A of the IBC 2016, to withdraw the Corporate Insolvency Resolution Process (CIRP) of the respondent based on a 100% voting resolution passed by the CoC. Consequently, the moratorium was lifted and the main cause was disposed of.
What did the court decide?
The application for withdrawal of CIRP under Section 12A of IBC 2016 was allowed; CIRP closed; RP discharged; moratorium lifted; main cause disposed of.