The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, Eshakti.com Private Limited. The CIRP was initiated based on an application filed by the Corporate Debtor under Section 10 of the IBC, and Mr. Ebenezar Inbaraj was initially appointed as the Interim Resolution Professional (IRP).
The Corporate Debtor, Eshakti.com Private Limited, filed an application under Section 10 of the IBC seeking initiation of CIRP.
Mr. Ebenezar Inbaraj was initially appointed as the Interim Resolution Professional (IRP).
Ms. Renuka Rangaswamy was later appointed as the Resolution Professional (RP).
The CoC was reconstituted after Paragon Partners LLP was reclassified as a related party.
The CoC unanimously resolved to liquidate the Corporate Debtor in the 7th CoC meeting held on 18.08.2025.
Two resolution plans were received but were not in accordance with the IBC, 2016 and RFRP.
The patents registered in favor of the Corporate Debtor have expired and hold no value.
The CoC approved the liquidator's fee of Rs. 5,00,000 and the manner in which liquidation expenses will be borne.
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CIRP initiated against…
IRP issued Public…
The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, Eshakti.com Private Limited. The CIRP was initiated based on an application filed by the Corporate Debtor under Section 10 of the IBC, and Mr. Ebenezar Inbaraj was initially appointed as the Interim Resolution Professional (IRP).
The Corporate Debtor, Eshakti.com Private Limited, filed an application under Section 10 of the IBC seeking initiation of CIRP.
Mr. Ebenezar Inbaraj was initially appointed as the Interim Resolution Professional (IRP).
Ms. Renuka Rangaswamy was later appointed as the Resolution Professional (RP).
The CoC was reconstituted after Paragon Partners LLP was reclassified as a related party.
The CoC unanimously resolved to liquidate the Corporate Debtor in the 7th CoC meeting held on 18.08.2025.
Two resolution plans were received but were not in accordance with the IBC, 2016 and RFRP.
The patents registered in favor of the Corporate Debtor have expired and hold no value.
The CoC approved the liquidator's fee of Rs. 5,00,000 and the manner in which liquidation expenses will be borne.
…CIRP initiated against…
IRP issued Public…