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2019 (3) TMI 1591 - NATIONAL COMPANY LAW TRIBUNAL, MUMBAIPermission to withdraw the CIRP process initiated against the Corporate Debtor - HELD THAT:- It is pertinent to mention that after getting the application under Section12A of the Code, when Resolution professional asked the CoC to provide him with the details of OTS offer, sources of funds, the timeframe for payments to each lender, compliance with RBI norms and whether the interest of all stakeholders / CoC members have been provided for under the OTS offer, then Andhra Bank informed the Resolution professional that they will directly address the issue with the Tribunal and did not submit any information to the Resolution professional - It is pertinent to mention that the promoters of the Corporate Debtor are absconder and we often get the news from the newspaper that various Government agencies like Enforcement Directorate, CBI, and other agencies are unable to trace the Promoters of the Corporate Debtor. Notices along with the copy of this order may be given to the concerned authorities within seven days from today, so that if they want to make any representation, they can make the same. Notices to the concerned authorities may be communicated by speed post as well as by way of email - Registry is directed to comply with the above order and submit the report by 5:00 p.m. today. List on 26.3.2019.
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