https://www.taxtmi.com/caselaws?id=281264 The Tribunal issued notices to government agencies and authorities, including the Central Government, Enforcement Directorate, and CBI, regarding an application for withdrawal under Section 12A of the Insolvency and Bankruptcy Code, 2016. The application sought to withdraw the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, involving concerns about absconding promoters, legitimacy of an OTS proposal, and acceptance of funds from private investors. The CoC's evolving decisions led to the rejection of a resolution plan and liquidation resolution, with a subsequent approval for the withdrawal of CIRP. en-us Mon, 11 Mar 2019 00:00:00 +0530 Tue, 11 Jun 2019 06:00:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281264 The Tribunal issued notices to government agencies and authorities, including the Central Government, Enforcement Directorate, and CBI, regarding an application for withdrawal under Section 12A of the Insolvency and Bankruptcy Code, 2016. The application sought to withdraw the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, involving concerns about absconding promoters, legitimacy of an OTS proposal, and acceptance of funds from private investors. The CoC's evolving decisions led to the rejection of a resolution plan and liquidation resolution, with a subsequent approval for the withdrawal of CIRP. Case-Laws Insolvency and Bankruptcy Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281264