The case involves an application (MA/476/2018) filed in CP/660/IB/2017 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Nife Fire Systems Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2018-03-13 and expired on 2018-09-09. The Operational Creditor, M/s. Autocop India Private Limited, initiated the CIRP under Section 9 of the I&B Code, 2016. The Committee of Creditors (CoC) decided to opt for liquidation due to the Corporate Debtor's disarray, non-cooperation from suspended directors, and nil asset value. No resolution plan was received.
M/s. Autocop India Private Limited, the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Nife Fire Systems Pvt. Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016. The CIRP commenced on 2018-03-13 and lasted for 180 days, expiring on 2018-09-09. The application CP/660/(IB)/2017 was admitted, and a moratorium was declared. Mr. S. Rajagopal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted, but the continuance of the IRP as Resolution Professional was deferred. The Registered Office of the Corporate Debtor was in disarray, and the suspended Director did not cooperate. The Corporate Debtor had a nil asset value. No
…Sign in to view the parties.
CP/660/(IB)/2017 filed…
Corporate Ins…
The case involves an application (MA/476/2018) filed in CP/660/IB/2017 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Nife Fire Systems Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2018-03-13 and expired on 2018-09-09. The Operational Creditor, M/s. Autocop India Private Limited, initiated the CIRP under Section 9 of the I&B Code, 2016. The Committee of Creditors (CoC) decided to opt for liquidation due to the Corporate Debtor's disarray, non-cooperation from suspended directors, and nil asset value. No resolution plan was received.
M/s. Autocop India Private Limited, the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Nife Fire Systems Pvt. Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016. The CIRP commenced on 2018-03-13 and lasted for 180 days, expiring on 2018-09-09. The application CP/660/(IB)/2017 was admitted, and a moratorium was declared. Mr. S. Rajagopal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted, but the continuance of the IRP as Resolution Professional was deferred. The Registered Office of the Corporate Debtor was in disarray, and the suspended Director did not cooperate. The Corporate Debtor had a nil asset value. No
…CP/660/(IB)/2017 filed…
Corporate Ins…