The case involves an application filed by the Resolution Professional of M/s Claps Wikids Education Private Limited under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Claps Wikids Education Private Limited after a petition filed by Cyberabad Hitech Integrated Township Development Corporation Pvt Ltd, the Financial Creditor, was admitted on 03.12.2018 under Section 7 of the IBC. The Resolution Professional was appointed as Interim Resolution Professional and later confirmed. The Committee of Creditors (CoC) was formed, with the Financial Creditor being the sole member. The Resolution Professional conducted the 1st CoC meeting but could
…M/s Claps Wikids Education Private Limited faced Corporate Insolvency Resolution Process (CIRP) initiated by Cyberabad Hitech Integrated Township Development Corporation Pvt Ltd, the Financial Creditor. The CIRP was triggered by a petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, which was admitted on 03.12.2018. C.A. Kiran Palla was appointed as the Interim Resolution Professional and later confirmed as Resolution Professional. A Committee of Creditors (CoC) was formed, with the Financial Creditor as the sole member. The Corporate Debtor was running a Play School. The Corporate Debtor defaulted in filing annual returns, leading to its name being struck off from the register of RoC (Hyderabad). The CoC approved the liquidation of the company on
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The case involves an application filed by the Resolution Professional of M/s Claps Wikids Education Private Limited under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Claps Wikids Education Private Limited after a petition filed by Cyberabad Hitech Integrated Township Development Corporation Pvt Ltd, the Financial Creditor, was admitted on 03.12.2018 under Section 7 of the IBC. The Resolution Professional was appointed as Interim Resolution Professional and later confirmed. The Committee of Creditors (CoC) was formed, with the Financial Creditor being the sole member. The Resolution Professional conducted the 1st CoC meeting but could
…M/s Claps Wikids Education Private Limited faced Corporate Insolvency Resolution Process (CIRP) initiated by Cyberabad Hitech Integrated Township Development Corporation Pvt Ltd, the Financial Creditor. The CIRP was triggered by a petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, which was admitted on 03.12.2018. C.A. Kiran Palla was appointed as the Interim Resolution Professional and later confirmed as Resolution Professional. A Committee of Creditors (CoC) was formed, with the Financial Creditor as the sole member. The Corporate Debtor was running a Play School. The Corporate Debtor defaulted in filing annual returns, leading to its name being struck off from the register of RoC (Hyderabad). The CoC approved the liquidation of the company on
…The Tribunal admitted the petition filed by…
The Committee of Creditors (CoC) approved the…