The case involves an application for liquidation of Nisa Industrial Services Private Limited under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) commenced on July 24, 2018. The Committee of Creditors (CoC) resolved for liquidation due to the absence of a resolution plan. The Resolution Professional (RP) filed MA-1637/2019 for liquidation.
Nisa Industrial Services Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP commenced on July 24, 2018. The Resolution Professional (RP) filed Application MA-1637/2019 for liquidation under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) resolved for liquidation on April 26, 2019, as no resolution plan was received within the statutory period of 270 days, which expired on April 20, 2019. The RP expressed unwillingness to act as the liquidator. The CoC had 100% voting in favor of liquidation. The order commencing CIRP was received by the applicant on July 31, 2018. The applicant received claims from one Operational Creditor of the Corporate Debtor. The Applicant's appointment was
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Corporate Insolvency…
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The case involves an application for liquidation of Nisa Industrial Services Private Limited under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) commenced on July 24, 2018. The Committee of Creditors (CoC) resolved for liquidation due to the absence of a resolution plan. The Resolution Professional (RP) filed MA-1637/2019 for liquidation.
Nisa Industrial Services Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP commenced on July 24, 2018. The Resolution Professional (RP) filed Application MA-1637/2019 for liquidation under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) resolved for liquidation on April 26, 2019, as no resolution plan was received within the statutory period of 270 days, which expired on April 20, 2019. The RP expressed unwillingness to act as the liquidator. The CoC had 100% voting in favor of liquidation. The order commencing CIRP was received by the applicant on July 31, 2018. The applicant received claims from one Operational Creditor of the Corporate Debtor. The Applicant's appointment was
…Corporate Insolvency…
Public announce…