The case involves an application filed by the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) against Lanna Wellness Pvt Ltd commenced on December 16, 2019. In the second meeting of the Committee of Creditors (CoC) held on August 19, 2020, a resolution was passed to initiate the liquidation process due to the absence of realizable assets. The CoC approved the initiation of liquidation and directed the RP to file an interlocutory application seeking further direction and order under sections 33(1)(a) and 34(1) of the Insolvency and Bankruptcy Code (IBC).
The Corporate Insolvency Resolution Process (CIRP) against Lanna Wellness Pvt Ltd commenced on 16.12.2019. During the 2nd meeting of the Committee of Creditors (CoC) held on 19.08.2020, it was resolved that the company should undergo liquidation due to the absence of realizable assets. The resolution was passed to initiate the liquidation process. The Resolution Professional (RP), Mr. Laxman Digambar Pawar, was appointed as the liquidator. The CoC directed the RP to file an interlocutory application seeking further direction and order under sections 33(1)(a) and 34(1) of the Insolvency and Bankruptcy Code (IBC). The NCLT approved the resolution and ordered the liquidation of the Corporate Debtor. The order stipulated that the Corporate Debtor be liquidated as per
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Corporate Insolvency…
In the 2nd meeting of the Committee of…
The case involves an application filed by the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) against Lanna Wellness Pvt Ltd commenced on December 16, 2019. In the second meeting of the Committee of Creditors (CoC) held on August 19, 2020, a resolution was passed to initiate the liquidation process due to the absence of realizable assets. The CoC approved the initiation of liquidation and directed the RP to file an interlocutory application seeking further direction and order under sections 33(1)(a) and 34(1) of the Insolvency and Bankruptcy Code (IBC).
The Corporate Insolvency Resolution Process (CIRP) against Lanna Wellness Pvt Ltd commenced on 16.12.2019. During the 2nd meeting of the Committee of Creditors (CoC) held on 19.08.2020, it was resolved that the company should undergo liquidation due to the absence of realizable assets. The resolution was passed to initiate the liquidation process. The Resolution Professional (RP), Mr. Laxman Digambar Pawar, was appointed as the liquidator. The CoC directed the RP to file an interlocutory application seeking further direction and order under sections 33(1)(a) and 34(1) of the Insolvency and Bankruptcy Code (IBC). The NCLT approved the resolution and ordered the liquidation of the Corporate Debtor. The order stipulated that the Corporate Debtor be liquidated as per
…Corporate Insolvency…
In the 2nd meeting of the Committee of…