Seeking closing of CIRP process - Applicant enters into ...

Insolvency and Bankruptcy

August 24, 2023

Seeking closing of CIRP process - Applicant enters into settlement with the Corporate Debtor - At time when the CoC was not constituted, there can be no impediment in power of Adjudicating Authority to exercise jurisdiction under Rule 11 to close the CIRP even if no application as per the procedure under Section 12A r/w Regulation 30A has been filed. - AT

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Seeking closing of CIRP process - Applicant enters into ...

Insolvency and Bankruptcy

August 24, 2023

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