The present application was filed by the Resolution Professional (RP) of Wearit Global Ltd. (Corporate Debtor) seeking the initiation of liquidation proceedings for the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (IBC). The Corporate Insolvency Resolution Process (CIRP) for Wearit Global Ltd. was initiated on April 8, 2022, based on a petition filed by Lomat International NV, an operational creditor, under Section 9 of the IBC. Ms. Rachna Jhunjhunwala was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional.

The present application was filed by the Resolution Professional (RP) of Wearit Global Ltd. (Corporate Debtor) seeking the initiation of liquidation proceedings for the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (IBC). The Corporate Insolvency Resolution Process (CIRP) for Wearit Global Ltd. was initiated on April 8, 2022, based on a petition filed by Lomat International NV, an operational creditor, under Section 9 of the IBC. Ms. Rachna Jhunjhunwala was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional.