The National Company Law Tribunal (NCLT), Chennai Bench, is overseeing the liquidation of Monorex Pvt Ltd. The Insolvency and Bankruptcy Board of India (IBBI) recommended Mr. Devadoss Duraiswami Reddy as the liquidator. The NCLT appointed Mr. Reddy as the liquidator, instructing him to follow the Insolvency and Bankruptcy Code (IBC), 2016, and related regulations. The order mandates the liquidator to investigate the financial affairs of the corporate debtor, issue public announcements regarding the liquidation, and adhere to Section 33(7) of the IBC, 2016, which deems the order a notice of discharge. The order also directs the registry to communicate the order to the Registrar of Companies, Chennai, and the IBBI. The moratorium under Section 14 of the IBC is lifted,

The National Company Law Tribunal (NCLT), Chennai Bench, is overseeing the liquidation of Monorex Pvt Ltd. The Insolvency and Bankruptcy Board of India (IBBI) recommended Mr. Devadoss Duraiswami Reddy as the liquidator. The NCLT appointed Mr. Reddy as the liquidator, instructing him to follow the Insolvency and Bankruptcy Code (IBC), 2016, and related regulations. The order mandates the liquidator to investigate the financial affairs of the corporate debtor, issue public announcements regarding the liquidation, and adhere to Section 33(7) of the IBC, 2016, which deems the order a notice of discharge. The order also directs the registry to communicate the order to the Registrar of Companies, Chennai, and the IBBI. The moratorium under Section 14 of the IBC is lifted,