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IBC - Highlights / Catch Notes

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CIRP - the Appellant has not received a single Claim from the ...

Insolvency and Bankruptcy

June 29, 2023

CIRP - the Appellant has not received a single Claim from the date of initiation of the Corporate Debtor into CIRP. As the CoC itself is not constituted and in the light of the fact that not a single Claim was received by the IRP even after the public announcement, as well as the fact that the Corporate Debtor Company has been struck off from the Registrar of Companies, this Tribunal is of the considered view that the CIRP may be closed with respect to the subject company. - AT

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