Acasia Tele Services Private Limited, an Operational Creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Auspice Trading Private Limited, the Corporate Debtor, for an outstanding amount of ₹35,89,67,296. The petition was admitted on 2018-04-24, and Mr. Gaurav Sharma was appointed as the Interim Resolution Professional (IRP). The IRP was later confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC). The CoC held meetings where the IRP presented information about the claims received and the company's financial status. Mr. Mohnish Narayan Shete, Director of Acasia Tele-Services Private Limited, suggested that the company should be liquidated directly due to its negative net worth and lack of

Acasia Tele Services Private Limited, an Operational Creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Auspice Trading Private Limited, the Corporate Debtor, for an outstanding amount of ₹35,89,67,296. The petition was admitted on 2018-04-24, and Mr. Gaurav Sharma was appointed as the Interim Resolution Professional (IRP). The IRP was later confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC). The CoC held meetings where the IRP presented information about the claims received and the company's financial status. Mr. Mohnish Narayan Shete, Director of Acasia Tele-Services Private Limited, suggested that the company should be liquidated directly due to its negative net worth and lack of