An application (I.A.No.771/2023) was filed seeking initiation of liquidation proceedings for the Corporate Debtor and appointment of a liquidator from the panel of Insolvency Professionals. The CoC in its 4th meeting held on 06.02.2025, after deliberation, decided to take the Corporate Debtor for liquidation.
The Resolution Professional claimed to have received costs up to March 2025, but the CoC has not been making payments despite requests.
The CoC informed that the concerned financial creditor has taken a decision, and the CIRP costs up to June 2025 are in the process of being disbursed.
An application was filed seeking initiation of liquidation proceedings for the Corporate Debtor.
The CoC in its 4th meeting held on 06.02.2025, decided to take the Corporate Debtor for liquidation.
Mr. M.V. Sudarshan was recommended by the CoC and appointed as the Liquidator.
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The CoC held its 4th…
Order delive…
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An application (I.A.No.771/2023) was filed seeking initiation of liquidation proceedings for the Corporate Debtor and appointment of a liquidator from the panel of Insolvency Professionals. The CoC in its 4th meeting held on 06.02.2025, after deliberation, decided to take the Corporate Debtor for liquidation.
The Resolution Professional claimed to have received costs up to March 2025, but the CoC has not been making payments despite requests.
The CoC informed that the concerned financial creditor has taken a decision, and the CIRP costs up to June 2025 are in the process of being disbursed.
An application was filed seeking initiation of liquidation proceedings for the Corporate Debtor.
The CoC in its 4th meeting held on 06.02.2025, decided to take the Corporate Debtor for liquidation.
Mr. M.V. Sudarshan was recommended by the CoC and appointed as the Liquidator.
The CoC held its 4th…
Order delive…
Sign in to view related legal provisions.