The case involves M/s. Captain Offset Printers V/s. M/s. Compacts Lamps Pvt. Ltd. before the National Company Law Tribunal (NCLT), New Delhi Bench. The matter pertains to Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor's counsel prepared details of sundry debtors, but it was only partial compliance. The Resolution Professional (RP) sought disposal of CA-1373/19 under Section 33(1)(A) of the Code. No resolution plan was received, and an expression of interest was withdrawn. The Corporate Insolvency Resolution (CIR) period expired, leading to consideration of liquidation.
The case involves M/s. Captain Offset Printers V/s. M/s. Compacts Lamps Pvt. Ltd. under Section 9 of the IBC, 2016. The Corporate Debtor's counsel provided details of sundry debtors, but it was deemed only partial compliance. The RP sought disposal of CA-1373/19 under Section 33(1)(A) of the Code. No resolution plan was received, and an expression of interest was withdrawn. The CIR period expired. The RP/Liquidator submitted that there is no reconciliation of accounts with EESL. The court directed the assets of the Corporate Debtor to be liquidated. Ms. Deepika Prasad Bhugra, the RP, was recommended and confirmed as the liquidator. The CoC approved her fees. The Statutory Auditor/R-4 appeared and was discharged for the moment but directed to provide full cooperation
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The case involves M/s. Captain Offset Printers V/s. M/s. Compacts Lamps Pvt. Ltd. before the National Company Law Tribunal (NCLT), New Delhi Bench. The matter pertains to Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor's counsel prepared details of sundry debtors, but it was only partial compliance. The Resolution Professional (RP) sought disposal of CA-1373/19 under Section 33(1)(A) of the Code. No resolution plan was received, and an expression of interest was withdrawn. The Corporate Insolvency Resolution (CIR) period expired, leading to consideration of liquidation.
The case involves M/s. Captain Offset Printers V/s. M/s. Compacts Lamps Pvt. Ltd. under Section 9 of the IBC, 2016. The Corporate Debtor's counsel provided details of sundry debtors, but it was deemed only partial compliance. The RP sought disposal of CA-1373/19 under Section 33(1)(A) of the Code. No resolution plan was received, and an expression of interest was withdrawn. The CIR period expired. The RP/Liquidator submitted that there is no reconciliation of accounts with EESL. The court directed the assets of the Corporate Debtor to be liquidated. Ms. Deepika Prasad Bhugra, the RP, was recommended and confirmed as the liquidator. The CoC approved her fees. The Statutory Auditor/R-4 appeared and was discharged for the moment but directed to provide full cooperation
…Hearing before the New…
Matter to come up for…