The case involves an application filed by the Liquidator of R L Logistics Private Limited, appointed during the Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated on 27.02.2019, and upon its expiry on 21.10.2019, the Tribunal directed the liquidation of the Corporate Debtor, appointing the applicant as the Liquidator. The company under liquidation had a CHA license, which was cancelled by the customs authority. The liquidator is challenging the cancellation of the CHA license.
The Corporate Insolvency Resolution Process (CIRP) was initiated against R L Logistics Private Limited based on an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on 27.02.2019, leading to the appointment of an Interim Resolution Professional (IRP). Subsequently, on 21.10.2019, the Tribunal ordered the liquidation of the Corporate Debtor and appointed a Liquidator. The company under liquidation possessed a CHA license (CHN/R-125/2011-CHA dated 11.07.2011, valid until 10.07.2021) for its Hyderabad office. However, the license was cancelled, causing the Hyderabad office to cease operations from 12.03.2020. The Liquidator became aware of the cancellation when consignment documents were rejected. The Ex-Director of the Company in
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Corporate Insolvency Resolution Process (CIRP)…
Tribunal directed the…
The case involves an application filed by the Liquidator of R L Logistics Private Limited, appointed during the Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated on 27.02.2019, and upon its expiry on 21.10.2019, the Tribunal directed the liquidation of the Corporate Debtor, appointing the applicant as the Liquidator. The company under liquidation had a CHA license, which was cancelled by the customs authority. The liquidator is challenging the cancellation of the CHA license.
The Corporate Insolvency Resolution Process (CIRP) was initiated against R L Logistics Private Limited based on an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on 27.02.2019, leading to the appointment of an Interim Resolution Professional (IRP). Subsequently, on 21.10.2019, the Tribunal ordered the liquidation of the Corporate Debtor and appointed a Liquidator. The company under liquidation possessed a CHA license (CHN/R-125/2011-CHA dated 11.07.2011, valid until 10.07.2021) for its Hyderabad office. However, the license was cancelled, causing the Hyderabad office to cease operations from 12.03.2020. The Liquidator became aware of the cancellation when consignment documents were rejected. The Ex-Director of the Company in
…Corporate Insolvency Resolution Process (CIRP)…
Tribunal directed the…