The case involves an application on behalf of the Resolution Professional (RP) under Section 33(1) & (2) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, for the liquidation of the corporate debtor, Xecute HR Solutions Private Limited. The Tribunal heard the submissions made by the Counsel for the RP and noted the contents of the application.
Mr. Vikram Jhunjhunwala filed a petition against M/s. Xecute HR Solutions Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC). The Resolution Professional (RP) filed an application under Section 33(1) & (2) of the IBC, read with Rule 11 of the NCLT Rules, 2016, seeking liquidation of the corporate debtor, Xecute HR Solutions Private Limited. The Tribunal heard the submissions of the RP's counsel and noted the contents of the application. The Committee of Creditors (CoC) approved the liquidation, and Mr. Sanju Kumar, the RP, was appointed as the Liquidator. The Liquidator's fee was also fixed by the CoC. The Tribunal ordered the liquidation and directed the Liquidator to take steps as per law and report back in two months. The matter was adjourned
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The case involves an application on behalf of the Resolution Professional (RP) under Section 33(1) & (2) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, for the liquidation of the corporate debtor, Xecute HR Solutions Private Limited. The Tribunal heard the submissions made by the Counsel for the RP and noted the contents of the application.
Mr. Vikram Jhunjhunwala filed a petition against M/s. Xecute HR Solutions Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC). The Resolution Professional (RP) filed an application under Section 33(1) & (2) of the IBC, read with Rule 11 of the NCLT Rules, 2016, seeking liquidation of the corporate debtor, Xecute HR Solutions Private Limited. The Tribunal heard the submissions of the RP's counsel and noted the contents of the application. The Committee of Creditors (CoC) approved the liquidation, and Mr. Sanju Kumar, the RP, was appointed as the Liquidator. The Liquidator's fee was also fixed by the CoC. The Tribunal ordered the liquidation and directed the Liquidator to take steps as per law and report back in two months. The matter was adjourned
…Order delivered on the…
Matter adjourned to this date for the…