Acasia Tele Services Private Limited, as the Operational Creditor, initiated CIRP against Auspice Trading Private Limited, the Corporate Debtor, under Section 9 of the IBC. The application was admitted on 2018-04-24. Mr. Gaurav Sharma was appointed as the IRP. The Operational Creditor's petition was for an outstanding amount of ₹35,89,67,296, which was in the nature of advance against purchase order. The IRP convened meetings of the Committee of Creditors (CoC). During the meetings, the IRP presented the claims received from creditors. Mr. Mohnish Narayan Shete, Director of Acasia Tele-Services Private Limited, suggested liquidation due to the company's non-operational status and negative net worth. The CoC decided that inviting an EOI was not feasible due to the

Acasia Tele Services Private Limited, as the Operational Creditor, initiated CIRP against Auspice Trading Private Limited, the Corporate Debtor, under Section 9 of the IBC. The application was admitted on 2018-04-24. Mr. Gaurav Sharma was appointed as the IRP. The Operational Creditor's petition was for an outstanding amount of ₹35,89,67,296, which was in the nature of advance against purchase order. The IRP convened meetings of the Committee of Creditors (CoC). During the meetings, the IRP presented the claims received from creditors. Mr. Mohnish Narayan Shete, Director of Acasia Tele-Services Private Limited, suggested liquidation due to the company's non-operational status and negative net worth. The CoC decided that inviting an EOI was not feasible due to the