The Corporate Insolvency Resolution Process (CIRP) was initiated against Falcon Auto Engineering Pvt Ltd. The Interim Resolution Professional (IRP) filed applications, including a status report (IA(IBC)/102(CH)2026) and an application concerning fraudulent/wrongful trading (IA(IBC)/1007(CH)2026). The IRP also sought directions against the suspended Directors for non-cooperation (IA(IBC)/1898(CH)2025). The Committee of Creditors (CoC), in its 7th meeting, resolved with 100% voting share to liquidate the Corporate Debtor, citing that no viable resolution plan was expected and assets were in scrap condition. The CoC also authorized the IRP/Deemed RP to file applications for avoidance transactions after receiving audit reports.
The Interim Resolution Professional (IRP) of M/S Falcon Auto Engineering Private Limited (undergoing CIRP) filed an application (IA(IBC)/102(CH)2026) under Rule 11 of NCLT Rules, 2016, to place a status report on record.
The status report was filed in compliance with an order dated 09.10.2025, passed by the Tribunal.
An application (IA(IBC)/1007(CH)2026) was filed under Section 25(2)(J) read with Section 66 of IBC, 2016, seeking directions regarding fraudulent/wrongful trading by Suspended & Ex-Directors of the Corporate Debtor.
The IRP reported not receiving cooperation from the Financial Creditor or the Suspended Board of Directors, compelling him to file an application (IA(IBC)/1898(CH)2025) under Section 19(2) and (3) of IBC, 2016.
…Sign in to view the parties.
Order passed by this Tribunal,…
The 75th day of the Insolvency Commencement…
The Corporate Insolvency Resolution Process (CIRP) was initiated against Falcon Auto Engineering Pvt Ltd. The Interim Resolution Professional (IRP) filed applications, including a status report (IA(IBC)/102(CH)2026) and an application concerning fraudulent/wrongful trading (IA(IBC)/1007(CH)2026). The IRP also sought directions against the suspended Directors for non-cooperation (IA(IBC)/1898(CH)2025). The Committee of Creditors (CoC), in its 7th meeting, resolved with 100% voting share to liquidate the Corporate Debtor, citing that no viable resolution plan was expected and assets were in scrap condition. The CoC also authorized the IRP/Deemed RP to file applications for avoidance transactions after receiving audit reports.
The Interim Resolution Professional (IRP) of M/S Falcon Auto Engineering Private Limited (undergoing CIRP) filed an application (IA(IBC)/102(CH)2026) under Rule 11 of NCLT Rules, 2016, to place a status report on record.
The status report was filed in compliance with an order dated 09.10.2025, passed by the Tribunal.
An application (IA(IBC)/1007(CH)2026) was filed under Section 25(2)(J) read with Section 66 of IBC, 2016, seeking directions regarding fraudulent/wrongful trading by Suspended & Ex-Directors of the Corporate Debtor.
The IRP reported not receiving cooperation from the Financial Creditor or the Suspended Board of Directors, compelling him to file an application (IA(IBC)/1898(CH)2025) under Section 19(2) and (3) of IBC, 2016.
…Order passed by this Tribunal,…
The 75th day of the Insolvency Commencement…