Lucetio Primary Manpower Pvt. Ltd., the Corporate Applicant, filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, for voluntary initiation of Corporate Insolvency Resolution Process (CIRP). The company reported an inability to discharge its financial obligations, owing INR 3,18,01,161/- to various vendors and INR 3,06,99,738/- in statutory dues. Its profitability had steadily deteriorated, and its net worth was negative. The shareholders had passed a special resolution on 27.12.2024, approving the filing of the CIRP application.
Lucetio Primary Manpower Pvt. Ltd. filed CP (IB) No. 39/BB/2025 under Section 10 of the IBC, 2016, for voluntary initiation of CIRP.
The Corporate Applicant failed to discharge obligations amounting to INR 3,18,01,161/- to its creditors.
The company was incorporated on 03.12.2010 as "Nitesh Property Management Private Limited" (CIN-U70102KA2010PTC056128).
Its name changed to "Lob Property Management Pvt. Ltd." on 14.10.2022.
Its name changed again to "Lob Facilities Management Pvt. Ltd." on 02.09.2024, which is its current name.
The Corporate Applicant provides integrated services and total facility management.
The Authorized Share Capital is INR 50,00,000/- and Paid-up Share Capital is INR 30,00,000/-.
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Corporate Applicant…
Interest @ 12% p.a.…
Lucetio Primary Manpower Pvt. Ltd., the Corporate Applicant, filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, for voluntary initiation of Corporate Insolvency Resolution Process (CIRP). The company reported an inability to discharge its financial obligations, owing INR 3,18,01,161/- to various vendors and INR 3,06,99,738/- in statutory dues. Its profitability had steadily deteriorated, and its net worth was negative. The shareholders had passed a special resolution on 27.12.2024, approving the filing of the CIRP application.
Lucetio Primary Manpower Pvt. Ltd. filed CP (IB) No. 39/BB/2025 under Section 10 of the IBC, 2016, for voluntary initiation of CIRP.
The Corporate Applicant failed to discharge obligations amounting to INR 3,18,01,161/- to its creditors.
The company was incorporated on 03.12.2010 as "Nitesh Property Management Private Limited" (CIN-U70102KA2010PTC056128).
Its name changed to "Lob Property Management Pvt. Ltd." on 14.10.2022.
Its name changed again to "Lob Facilities Management Pvt. Ltd." on 02.09.2024, which is its current name.
The Corporate Applicant provides integrated services and total facility management.
The Authorized Share Capital is INR 50,00,000/- and Paid-up Share Capital is INR 30,00,000/-.
…Corporate Applicant…
Interest @ 12% p.a.…