Myotic Trading Private Limited filed Company Appeal (AT) (Insolvency) No. 859 of 2025 challenging the order dated 29.05.2025, which dismissed I.A. No. 1240/2025. Company Appeal (AT) (Insolvency) No. 877 of 2025 challenges the order dated 28.05.2025 in I.A. No. 2548/ND/2025. Both appeals relate to the CIRP of Amzen Transportation Industries Limited.
CIRP of Amzen Transportation Industries Limited commenced on 04.05.2022.
Myotic Trading Private Limited, in consortium with Fortune Global Solutions Pte. Ltd., submitted an Expression of Interest (EOI) on 06.05.2024.
Fortune Global Solutions Pte. Ltd. withdrew from the consortium on 07.03.2025.
The CoC declared Cosmic CRF Limited ineligible under Section 29A of the IBC on 19.10.2024, but later reversed this decision on 06.03.2025 based on a Senior Advocate's opinion.
The Adjudicating Authority dismissed Myotic's applications (I.A. No. 1240/2025 and I.A. No. 2548/2025) due to a lack of locus standi after Fortune's withdrawal.
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Corporate Insolvency Resolution Process…
Form G was published in relation to CIRP of the…
Myotic Trading Private Limited filed Company Appeal (AT) (Insolvency) No. 859 of 2025 challenging the order dated 29.05.2025, which dismissed I.A. No. 1240/2025. Company Appeal (AT) (Insolvency) No. 877 of 2025 challenges the order dated 28.05.2025 in I.A. No. 2548/ND/2025. Both appeals relate to the CIRP of Amzen Transportation Industries Limited.
CIRP of Amzen Transportation Industries Limited commenced on 04.05.2022.
Myotic Trading Private Limited, in consortium with Fortune Global Solutions Pte. Ltd., submitted an Expression of Interest (EOI) on 06.05.2024.
Fortune Global Solutions Pte. Ltd. withdrew from the consortium on 07.03.2025.
The CoC declared Cosmic CRF Limited ineligible under Section 29A of the IBC on 19.10.2024, but later reversed this decision on 06.03.2025 based on a Senior Advocate's opinion.
The Adjudicating Authority dismissed Myotic's applications (I.A. No. 1240/2025 and I.A. No. 2548/2025) due to a lack of locus standi after Fortune's withdrawal.
…Corporate Insolvency Resolution Process…
Form G was published in relation to CIRP of the…