Kiranakart Technologies Pvt. Ltd. (now Zepto Private Limited) initiated Corporate Insolvency Resolution Process (CIRP) against Hyretail Technologies Pvt. Ltd. under Section 9 of the IBC. Mr. Arunava Sikdar was appointed as the Interim Resolution Professional (IRP) and subsequently the Resolution Professional (RP). Despite efforts, including inviting Expressions of Interest (EOIs), no resolution plan was received for the Corporate Debtor. The suspended management also demonstrated continuous non-cooperation, failing to provide complete financial records and assets.
CP (IB) No. 301/Chd/Hry/2023 was filed by Kiranakart Technologies Private Limited (now Zepto Private Limited) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Hyretail Technologies Pvt. Ltd.
The Adjudicating Authority admitted the application on 09.05.2025, initiating CIRP against Hyretail Technologies Pvt. Ltd. and appointing Mr. Arunava Sikdar as the Interim Resolution Professional (IRP).
A Public Announcement in Form A was made on 12.05.2025, published on 13.05.2025, inviting claims from creditors, with the last date for submission being 26.05.2025.
Claims were received from Employees' State Insurance Corporation, Faridabad, Kiranakart Technologies Private Limited, AU Small Finance Bank Limited, and Tata Capital Limited.
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Adjudicating Authority admitted CP(IB) No.…
Applicant (RP) made a…
Kiranakart Technologies Pvt. Ltd. (now Zepto Private Limited) initiated Corporate Insolvency Resolution Process (CIRP) against Hyretail Technologies Pvt. Ltd. under Section 9 of the IBC. Mr. Arunava Sikdar was appointed as the Interim Resolution Professional (IRP) and subsequently the Resolution Professional (RP). Despite efforts, including inviting Expressions of Interest (EOIs), no resolution plan was received for the Corporate Debtor. The suspended management also demonstrated continuous non-cooperation, failing to provide complete financial records and assets.
CP (IB) No. 301/Chd/Hry/2023 was filed by Kiranakart Technologies Private Limited (now Zepto Private Limited) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Hyretail Technologies Pvt. Ltd.
The Adjudicating Authority admitted the application on 09.05.2025, initiating CIRP against Hyretail Technologies Pvt. Ltd. and appointing Mr. Arunava Sikdar as the Interim Resolution Professional (IRP).
A Public Announcement in Form A was made on 12.05.2025, published on 13.05.2025, inviting claims from creditors, with the last date for submission being 26.05.2025.
Claims were received from Employees' State Insurance Corporation, Faridabad, Kiranakart Technologies Private Limited, AU Small Finance Bank Limited, and Tata Capital Limited.
…Adjudicating Authority admitted CP(IB) No.…
Applicant (RP) made a…