The case pertains to an application filed under Section 54(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 45 of the IBBI (Liquidation Process) Regulations, 2016, seeking the dissolution of M/s Yagmag Labs Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Cosmic Chemicals, an Operational Creditor, which was admitted on 18.02.2019. Subsequently, the Tribunal ordered the liquidation of the Corporate Debtor on 14.10.2019, and the Applicant was appointed as the Liquidator. The liquidator issued public announcements, collated and verified claims, and filed a preliminary report and asset memorandum. The liquidator also filed progress
…Cosmic Chemicals, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against Yagmag Labs Private Limited (Corporate Debtor). The petition was admitted on 18.02.2019, initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Ram Murthy Kommera was initially appointed as the Interim Resolution Professional, later replaced by the Applicant as the Resolution Professional. On 14.10.2019, the Tribunal ordered the liquidation of the Corporate Debtor, and the Applicant was appointed as the Liquidator. The Liquidator issued public announcements inviting claims from stakeholders. The Liquidator filed a preliminary report and asset memorandum on 12.12.2019, stating that no assets were available for sale and the
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Petition filed under Section 9 of IBC by…
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The case pertains to an application filed under Section 54(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 45 of the IBBI (Liquidation Process) Regulations, 2016, seeking the dissolution of M/s Yagmag Labs Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Cosmic Chemicals, an Operational Creditor, which was admitted on 18.02.2019. Subsequently, the Tribunal ordered the liquidation of the Corporate Debtor on 14.10.2019, and the Applicant was appointed as the Liquidator. The liquidator issued public announcements, collated and verified claims, and filed a preliminary report and asset memorandum. The liquidator also filed progress
…Cosmic Chemicals, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against Yagmag Labs Private Limited (Corporate Debtor). The petition was admitted on 18.02.2019, initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Ram Murthy Kommera was initially appointed as the Interim Resolution Professional, later replaced by the Applicant as the Resolution Professional. On 14.10.2019, the Tribunal ordered the liquidation of the Corporate Debtor, and the Applicant was appointed as the Liquidator. The Liquidator issued public announcements inviting claims from stakeholders. The Liquidator filed a preliminary report and asset memorandum on 12.12.2019, stating that no assets were available for sale and the
…Petition filed under Section 9 of IBC by…
Applicant replaced Mr.…
Sign in to view related legal provisions.