The case involves an application (IA-1261/2021) filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, in connection with Corporate Insolvency Resolution Process (CIRP) proceedings initiated against FLPL Logistics Pvt. Ltd. The CIRP was initiated based on an application (CP (IB)-2976(ND)/2019) filed by a financial creditor, Nuvision (Delhi) Pvt Ltd, under Section 7 of the IBC. The Adjudicating Authority admitted the application on 2020-01-15 and initiated CIRP, appointing an Interim Resolution Professional (IRP). The IRP was later replaced by a Resolution Professional (RP), Mr. Rishabh Chand Lodha. The Committee of Creditors (CoC) ultimately recommended the liquidation of the Corporate Debtor.
Nuvision (Delhi) Pvt Ltd, a financial creditor, filed an application (CP (IB)-2976(ND)/2019) under Section 7 of the IBC, 2016, against FLPL Logistics Pvt Ltd (Corporate Debtor) to initiate CIRP. The Adjudicating Authority admitted the application on 2020-01-15 and initiated CIRP, appointing Mr. Sukhdev Madnani as the IRP. Subsequently, Mr. Rishabh Chand Lodha was appointed as the Resolution Professional (RP). The IRP made public announcements and constituted a Committee of Creditors (CoC) comprising Union Bank of India and Nuvision (Delhi) Pvt Ltd. Several CoC meetings were held to evaluate resolution plans. The 7th CoC meeting, held on 2021-02-20, resulted in a resolution recommending the liquidation of the Corporate Debtor, which was approved with 98.08% voting
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Application CP (IB)-2976(ND)/2019 filed by…
Adjudicating Authority admitted the application…
The case involves an application (IA-1261/2021) filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, in connection with Corporate Insolvency Resolution Process (CIRP) proceedings initiated against FLPL Logistics Pvt. Ltd. The CIRP was initiated based on an application (CP (IB)-2976(ND)/2019) filed by a financial creditor, Nuvision (Delhi) Pvt Ltd, under Section 7 of the IBC. The Adjudicating Authority admitted the application on 2020-01-15 and initiated CIRP, appointing an Interim Resolution Professional (IRP). The IRP was later replaced by a Resolution Professional (RP), Mr. Rishabh Chand Lodha. The Committee of Creditors (CoC) ultimately recommended the liquidation of the Corporate Debtor.
Nuvision (Delhi) Pvt Ltd, a financial creditor, filed an application (CP (IB)-2976(ND)/2019) under Section 7 of the IBC, 2016, against FLPL Logistics Pvt Ltd (Corporate Debtor) to initiate CIRP. The Adjudicating Authority admitted the application on 2020-01-15 and initiated CIRP, appointing Mr. Sukhdev Madnani as the IRP. Subsequently, Mr. Rishabh Chand Lodha was appointed as the Resolution Professional (RP). The IRP made public announcements and constituted a Committee of Creditors (CoC) comprising Union Bank of India and Nuvision (Delhi) Pvt Ltd. Several CoC meetings were held to evaluate resolution plans. The 7th CoC meeting, held on 2021-02-20, resulted in a resolution recommending the liquidation of the Corporate Debtor, which was approved with 98.08% voting
…Application CP (IB)-2976(ND)/2019 filed by…
Adjudicating Authority admitted the application…