The Corporate Insolvency Resolution Process (CIRP) was initiated against Optic Advisory Pvt. Ltd. by an order dated 2018-10-16, based on a Section 7 petition filed by a Financial Creditor, Evershine Advisory Services Pvt. Ltd. Ms. Dipti Mehta was initially appointed as the Interim Resolution Professional (IRP). Subsequently, in a Committee of Creditors (CoC) meeting on 2018-12-06, Mr. Ajay Kumar was selected as the Resolution Professional (RP), which was approved by the Bench on 2019-01-03. The RP then made a public announcement in Form-A on 2018-10-25, inviting claims from creditors. An advertisement was issued on 2019-01-06 in Form G, inviting expressions of interest from prospective resolution applicants.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Optic Advisory Pvt. Ltd. on 2018-10-16, based on a Section 7 petition filed by Evershine Advisory Services Pvt. Ltd., the Financial Creditor. Initially, Ms. Dipti Mehta was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Ajay Kumar was appointed as the Resolution Professional (RP) on 2018-12-06, approved by the Bench on 2019-01-03. The RP made a public announcement on 2018-10-25 and invited expressions of interest on 2019-01-06. The CoC decided to waive the appointment of valuers due to the negligible value of the company's assets. No resolution plan was received, leading the CoC to resolve to liquidate the Corporate Debtor on 2019-03-26. Ms. Rajshree Padia was suggested
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Corporate Insolvency…
Mr. Ajay Kumar resolved to be appointed as…
The Corporate Insolvency Resolution Process (CIRP) was initiated against Optic Advisory Pvt. Ltd. by an order dated 2018-10-16, based on a Section 7 petition filed by a Financial Creditor, Evershine Advisory Services Pvt. Ltd. Ms. Dipti Mehta was initially appointed as the Interim Resolution Professional (IRP). Subsequently, in a Committee of Creditors (CoC) meeting on 2018-12-06, Mr. Ajay Kumar was selected as the Resolution Professional (RP), which was approved by the Bench on 2019-01-03. The RP then made a public announcement in Form-A on 2018-10-25, inviting claims from creditors. An advertisement was issued on 2019-01-06 in Form G, inviting expressions of interest from prospective resolution applicants.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Optic Advisory Pvt. Ltd. on 2018-10-16, based on a Section 7 petition filed by Evershine Advisory Services Pvt. Ltd., the Financial Creditor. Initially, Ms. Dipti Mehta was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Ajay Kumar was appointed as the Resolution Professional (RP) on 2018-12-06, approved by the Bench on 2019-01-03. The RP made a public announcement on 2018-10-25 and invited expressions of interest on 2019-01-06. The CoC decided to waive the appointment of valuers due to the negligible value of the company's assets. No resolution plan was received, leading the CoC to resolve to liquidate the Corporate Debtor on 2019-03-26. Ms. Rajshree Padia was suggested
…Corporate Insolvency…
Mr. Ajay Kumar resolved to be appointed as…