Mr. Amit Vijay Karia, the Resolution Professional for M/s Crystal Facilities Management Private Limited (Corporate Debtor), filed an application on September 13, 2023, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought to initiate liquidation proceedings for the Corporate Debtor. This decision was based on the resolution passed by the Committee of Creditors (CoC) in its 5th meeting held on September 4, 2023. An application was initially filed by M/s Piramal Capital and Housing Finance Limited (Financial Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 7 of the Code. The Adjudicating Authority admitted this application on January 19, 2023, and appointed Mr. Amit

Mr. Amit Vijay Karia, the Resolution Professional for M/s Crystal Facilities Management Private Limited (Corporate Debtor), filed an application on September 13, 2023, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought to initiate liquidation proceedings for the Corporate Debtor. This decision was based on the resolution passed by the Committee of Creditors (CoC) in its 5th meeting held on September 4, 2023. An application was initially filed by M/s Piramal Capital and Housing Finance Limited (Financial Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 7 of the Code. The Adjudicating Authority admitted this application on January 19, 2023, and appointed Mr. Amit