The application was filed under Section 33(2) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the liquidation process against Fly Express Logistics Private Limited.
CIRP was initiated against Fly Express Logistics Private Limited on 26/09/2023.
The RP faced difficulties in collating information due to the non-availability of books of accounts and non-cooperation from the suspended directors.
The RP filed IA NO. 637/2023 under Section 19(2) on 07.12.2023, which remains pending.
A public announcement was published on 02.10.2023, inviting creditors to submit their claims.
The initial CIRP period of 180 days expired on 24.03.2024.
The CoC decided to move a Liquidation Application as no resolution plan was feasible.
The CoC unanimously resolved to liquidate the Corporate Debtor under Section 33(2) of the IBC in the 7th CoC meeting held on 17.03.2025.
Mr. Krit Narayan Mishra was proposed as the Liquidator.
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Corporate Insolvency Resolution Process…
A public announcement…
The application was filed under Section 33(2) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the liquidation process against Fly Express Logistics Private Limited.
CIRP was initiated against Fly Express Logistics Private Limited on 26/09/2023.
The RP faced difficulties in collating information due to the non-availability of books of accounts and non-cooperation from the suspended directors.
The RP filed IA NO. 637/2023 under Section 19(2) on 07.12.2023, which remains pending.
A public announcement was published on 02.10.2023, inviting creditors to submit their claims.
The initial CIRP period of 180 days expired on 24.03.2024.
The CoC decided to move a Liquidation Application as no resolution plan was feasible.
The CoC unanimously resolved to liquidate the Corporate Debtor under Section 33(2) of the IBC in the 7th CoC meeting held on 17.03.2025.
Mr. Krit Narayan Mishra was proposed as the Liquidator.
Corporate Insolvency Resolution Process…
A public announcement…