The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Adaptio Facility Management Pvt Ltd. The CIRP was initiated on 2024-09-12, and Mrs. Satyadevi Alamuri was appointed as the Interim Resolution Professional (IRP). The Tribunal had ordered a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, and directed the IRP to make a public announcement. The public announcement regarding the CIRP initiation was published on 2024-09-20. The last date for submission of claims was 2024-10-01.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Adaptio Facility Management Pvt Ltd on 2024-09-12. Mrs. Satyadevi Alamuri was appointed as the Interim Resolution Professional (IRP). A moratorium was ordered under Section 14 of the Insolvency and Bankruptcy Code, 2016. The public announcement regarding the CIRP initiation was published on 2024-09-20, with the last date for submission of claims fixed on 2024-10-01. The Committee of Creditors (CoC) held several meetings. In the 1st CoC meeting on 2024-10-16, liquidation was discussed due to the absence of employees and assets. The 2nd CoC meeting on 2024-11-15 approved the issuance of Form G and liquidation. The 3rd CoC meeting on 2024-12-02 decided to cancel Form G and proceed with liquidation.
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Corporate Insolvency Resolution Process…
Public announcement…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Adaptio Facility Management Pvt Ltd. The CIRP was initiated on 2024-09-12, and Mrs. Satyadevi Alamuri was appointed as the Interim Resolution Professional (IRP). The Tribunal had ordered a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, and directed the IRP to make a public announcement. The public announcement regarding the CIRP initiation was published on 2024-09-20. The last date for submission of claims was 2024-10-01.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Adaptio Facility Management Pvt Ltd on 2024-09-12. Mrs. Satyadevi Alamuri was appointed as the Interim Resolution Professional (IRP). A moratorium was ordered under Section 14 of the Insolvency and Bankruptcy Code, 2016. The public announcement regarding the CIRP initiation was published on 2024-09-20, with the last date for submission of claims fixed on 2024-10-01. The Committee of Creditors (CoC) held several meetings. In the 1st CoC meeting on 2024-10-16, liquidation was discussed due to the absence of employees and assets. The 2nd CoC meeting on 2024-11-15 approved the issuance of Form G and liquidation. The 3rd CoC meeting on 2024-12-02 decided to cancel Form G and proceed with liquidation.
…Corporate Insolvency Resolution Process…
Public announcement…