The application was filed under Section 33 and Section 60(5) of IBC r/w Rule 11 of NCLT Rules seeking liquidation of the Corporate Debtor. CIRP was initiated on the application filed by the Corporate Applicant u/s 10 of IBC vide an Order dated 09.12.2024.
CIRP was initiated on the Application filed by the Corporate Applicant u/s 10 of IBC vide an Order dated 09.12.2024.
The Corporate Debtor ceased its commercial operations six years back, and all the records/accounts were damaged.
One unsecured Financial Creditor submitted a claim, and there are no banks/financial institutions.
The IRP prepared the list of the Creditors which included Ram Chandran Traders Pvt. Ltd (unsecured Financial Creditor), Kakatiya Enclaves Pvt. Ltd (Operational creditor) and Income Tax Department (Operational Creditor) and constituted the CoC.
The first CoC meeting was held on 18.01.2025 where it was noticed that there are no assets in the fixed asset register.
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CIRP was initiated on the Application filed by…
The first CoC meeting was held on 18.01.2025…
The application was filed under Section 33 and Section 60(5) of IBC r/w Rule 11 of NCLT Rules seeking liquidation of the Corporate Debtor. CIRP was initiated on the application filed by the Corporate Applicant u/s 10 of IBC vide an Order dated 09.12.2024.
CIRP was initiated on the Application filed by the Corporate Applicant u/s 10 of IBC vide an Order dated 09.12.2024.
The Corporate Debtor ceased its commercial operations six years back, and all the records/accounts were damaged.
One unsecured Financial Creditor submitted a claim, and there are no banks/financial institutions.
The IRP prepared the list of the Creditors which included Ram Chandran Traders Pvt. Ltd (unsecured Financial Creditor), Kakatiya Enclaves Pvt. Ltd (Operational creditor) and Income Tax Department (Operational Creditor) and constituted the CoC.
The first CoC meeting was held on 18.01.2025 where it was noticed that there are no assets in the fixed asset register.
…CIRP was initiated on the Application filed by…
The first CoC meeting was held on 18.01.2025…