The case involves an application filed by the Resolution Professional under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, M/s. World Consulting & Research Corporation Private Limited. The operational creditor, Mr. Tathagata Bhattacharya, had initially filed an application under Sections 433, 434 & 439 of the Companies Act, 2013, before the Hon'ble High Court of Delhi, which was later transferred to the NCLT. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2018-01-08. Mr. Pankaj Khetan was appointed as Interim Resolution Professional (IRP).
The corporate debtor, M/s. World Consulting & Research Corporation Pvt. Ltd., is a consultancy firm with limited assets, primarily vehicles, of which only one car remains. An application was filed by the Resolution Professional under Section 33 of the Insolvency and Bankruptcy Code, 2016, for liquidation. The operational creditor, Mr. Tathagata Bhattacharya, had previously filed a Company Petition No. 1081/2016 before the Hon'ble High Court of Delhi, which was later transferred to the NCLT. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2018-01-08. HDFC Bank, the sole member of the committee of creditors, objected to further CIRP expenses and requested the dissolution of the corporate debtor. The Corporate Insolvency Resolution Period has
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Company Petition No.…
Corporate Insolvency…
The case involves an application filed by the Resolution Professional under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, M/s. World Consulting & Research Corporation Private Limited. The operational creditor, Mr. Tathagata Bhattacharya, had initially filed an application under Sections 433, 434 & 439 of the Companies Act, 2013, before the Hon'ble High Court of Delhi, which was later transferred to the NCLT. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2018-01-08. Mr. Pankaj Khetan was appointed as Interim Resolution Professional (IRP).
The corporate debtor, M/s. World Consulting & Research Corporation Pvt. Ltd., is a consultancy firm with limited assets, primarily vehicles, of which only one car remains. An application was filed by the Resolution Professional under Section 33 of the Insolvency and Bankruptcy Code, 2016, for liquidation. The operational creditor, Mr. Tathagata Bhattacharya, had previously filed a Company Petition No. 1081/2016 before the Hon'ble High Court of Delhi, which was later transferred to the NCLT. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2018-01-08. HDFC Bank, the sole member of the committee of creditors, objected to further CIRP expenses and requested the dissolution of the corporate debtor. The Corporate Insolvency Resolution Period has
…Company Petition No.…
Corporate Insolvency…