Allowed
In the matter of Jagat Realcon Pvt. Ltd. IA-3171-2023 in IB-301(ND)-2020
Case brief
AI extract
What is this about?
The Tribunal permitted the Interim Resolution Professional to withdraw the Corporate Insolvency Resolution Process petition. The withdrawal was based on a 100% voting resolution passed by the Committee of Creditors on 18.05.2023 approving the withdrawal proposal under Section 12A IBC and IBBI Regulations.
What did the court decide?
The main petition CP (IB)-301(ND)/2020 was dismissed as withdrawn; the application IA-3171/2023 was disposed of.