The application was filed under Sections 33 & 34 of the Insolvency & Bankruptcy Code, 2016 by Rosita Fernando, the Resolution Professional (RP) of Expertus Infotech Private Limited, seeking liquidation of the Corporate Debtor.
The Corporate Debtor, Expertus Infotech Private Limited, was admitted into CIRP on 20.12.2024.
Rosita Fernando was appointed as the Resolution Professional (RP).
The CoC was formed with operational creditors as no financial creditor claims were received.
The CoC resolved to liquidate the Corporate Debtor due to its defunct status and lack of assets.
The RP conducted transaction audits and identified issues with written-off receivables and asset disposal.
The Corporate Debtor's bank account with ICICI Bank became dormant, and a new account was opened with IDFC First Bank.
The Corporate Debtor had written off a sum of Rs.8.40 Lac due from its Director, Mr Srinivas Krishnamurthi, who is now living in USA.
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CIRP commenced and…
Public announcement was…
The application was filed under Sections 33 & 34 of the Insolvency & Bankruptcy Code, 2016 by Rosita Fernando, the Resolution Professional (RP) of Expertus Infotech Private Limited, seeking liquidation of the Corporate Debtor.
The Corporate Debtor, Expertus Infotech Private Limited, was admitted into CIRP on 20.12.2024.
Rosita Fernando was appointed as the Resolution Professional (RP).
The CoC was formed with operational creditors as no financial creditor claims were received.
The CoC resolved to liquidate the Corporate Debtor due to its defunct status and lack of assets.
The RP conducted transaction audits and identified issues with written-off receivables and asset disposal.
The Corporate Debtor's bank account with ICICI Bank became dormant, and a new account was opened with IDFC First Bank.
The Corporate Debtor had written off a sum of Rs.8.40 Lac due from its Director, Mr Srinivas Krishnamurthi, who is now living in USA.
…CIRP commenced and…
Public announcement was…