The Corporate Insolvency Resolution Process (CIRP) for M/s Syska E-Retails LLP commenced on 17.06.2025, initiated by Canara Bank. Mr. Vijay Pitambar Lulla was appointed as the Interim Resolution Professional and subsequently confirmed as Resolution Professional. The Committee of Creditors (CoC) was formed with Canara Bank, State Bank of India, and UV Asset Reconstruction Company Ltd. During the 7th CoC meeting, resolutions for extending the CIRP period and initiating liquidation both failed to secure the requisite 66% voting threshold, leading to a deadlock. The initial CIRP period expired on 14.12.2025 without an approved resolution plan or a valid extension. The Appellant, a suspended partner and MSME, expressed interest in submitting a resolution plan after the
…The Impugned Order dated 08.01.2026 was passed by the 'Adjudicating Authority' (National Company Law Tribunal, Mumbai Bench-I) in IA (I.B.C)/74/MB/2026 in C.P. (IB) No. 548/MB/2024.
The NCLT order directed liquidation of the Corporate Debtor, M/s Syska E-Retails LLP, under Section 33(1) of the IBC.
The CIRP commenced on 17.06.2025, following the admission of a Section 7 petition filed by Canara Bank.
Mr. Vijay Pitambar Lulla was appointed as Interim Resolution Professional and subsequently confirmed as Resolution Professional.
Claims from three Financial Creditors (Canara Bank, State Bank of India, and UV Asset Reconstruction Company Ltd.) were received, leading to the constitution of a three-member Committee of Creditors (CoC).
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Form A was duly…
The Corporate Insolvency Resolution Process (CIRP) for M/s Syska E-Retails LLP commenced on 17.06.2025, initiated by Canara Bank. Mr. Vijay Pitambar Lulla was appointed as the Interim Resolution Professional and subsequently confirmed as Resolution Professional. The Committee of Creditors (CoC) was formed with Canara Bank, State Bank of India, and UV Asset Reconstruction Company Ltd. During the 7th CoC meeting, resolutions for extending the CIRP period and initiating liquidation both failed to secure the requisite 66% voting threshold, leading to a deadlock. The initial CIRP period expired on 14.12.2025 without an approved resolution plan or a valid extension. The Appellant, a suspended partner and MSME, expressed interest in submitting a resolution plan after the
…The Impugned Order dated 08.01.2026 was passed by the 'Adjudicating Authority' (National Company Law Tribunal, Mumbai Bench-I) in IA (I.B.C)/74/MB/2026 in C.P. (IB) No. 548/MB/2024.
The NCLT order directed liquidation of the Corporate Debtor, M/s Syska E-Retails LLP, under Section 33(1) of the IBC.
The CIRP commenced on 17.06.2025, following the admission of a Section 7 petition filed by Canara Bank.
Mr. Vijay Pitambar Lulla was appointed as Interim Resolution Professional and subsequently confirmed as Resolution Professional.
Claims from three Financial Creditors (Canara Bank, State Bank of India, and UV Asset Reconstruction Company Ltd.) were received, leading to the constitution of a three-member Committee of Creditors (CoC).
…Corporate Insolvency Resolution Process (CIRP)…
Form A was duly…