Allowed
In the matter of Nava Healthcare Pvt. Ltd. [IA-3638-2023 in IB-231-ND-2023]
NCLTIA-3638-2023 in IB-231-ND-2023
Case brief
AI extract
What is this about?
This National Company Law Tribunal order allowed an application filed by the Investigating and Reporting Professional (IRP) under Section 12A of the IBC to withdraw the Corporate Insolvency Resolution Process initiated under Section 7. The tribunal released the corporate debtor from CIRP proceedings.
What did the court decide?
Withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC, 2016.