IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH COURT – IV

10. IA 1350/2023 IN C.P. (IB)/609(MB)2021 CORAM:

SHRI PRABHAT KUMAR SHRI KISHORE VEMULAPALLI MEMBER (Technical) MEMBER (Judicial)

ORDER SHEET OF THE HEARING HELD ON 17.04.2023 NAME OF THE PARTIES: Indian Renewable Energy Development Agancy Limited Vs Green Elephant India Private Limited SECTION: 7, 12A OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016

O R D E R

The Court is convened through Video Conference.

1. Mr. Devul Dighe, Ld. Counsel for the Applicant present.

2. IA-1350/2023: This is an Application filed by the Interim Resolution Professional (IRP) under Section 12A of the Code seeking withdrawan of CIRP as well as Company Petition C.P. (IB)/609(MB)2021.

3. The Applicant submits that the Company Petition was admitted by this Bench and CIRP was initiated vide order dated 27.01.2023. Pursuant to the admission order was passed, Interim Resolution Professional publish Form-A on 06.02.2023 for inviting claims and the last date of submission of claims is 31.07.2023.

4. After admission of the Petition, the Corporate Debtor has settled the claim with the Operational Creditor and paid entire amount of Rs.20,88,380/-. However, they have n