The case involves an application for the liquidation of Beckhem Trading Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by Ezeego One Travel and Tours Limited, the Financial Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor due to the absence of assets and the inability to revive the company as a going concern.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Beckhem Trading Private Limited following the admission of a petition filed by Ezeego One Travel and Tours Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional was appointed. During the second meeting of the Committee of Creditors (CoC), the members were informed about the amendment in Regulation 36A regarding the publication of an invitation for expression of interest. However, the CoC deferred the agenda due to the absence of assets and the unfeasibility of revival. The CoC then resolved with a 100% vote to liquidate the Corporate Debtor. The applicant then filed I.A. No. 97/2024 seeking liquidation of the Corporate Debtor.
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The Tribunal admitted the petition under…
The second meeting of the Committee of…
The case involves an application for the liquidation of Beckhem Trading Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by Ezeego One Travel and Tours Limited, the Financial Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor due to the absence of assets and the inability to revive the company as a going concern.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Beckhem Trading Private Limited following the admission of a petition filed by Ezeego One Travel and Tours Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional was appointed. During the second meeting of the Committee of Creditors (CoC), the members were informed about the amendment in Regulation 36A regarding the publication of an invitation for expression of interest. However, the CoC deferred the agenda due to the absence of assets and the unfeasibility of revival. The CoC then resolved with a 100% vote to liquidate the Corporate Debtor. The applicant then filed I.A. No. 97/2024 seeking liquidation of the Corporate Debtor.
The Tribunal admitted the petition under…
The second meeting of the Committee of…