The case involves an application filed under Sections 33(2) and 34 of the Insolvency and Bankruptcy Code, 2016, seeking the initiation of liquidation proceedings against the Corporate Debtor, M/s. Dcom System Limited. The Financial Creditor, Indian Bank (Erstwhile Allahabad Bank), had initially filed an application under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the petition on 2024-01-17 and appointed the Applicant as the Interim Resolution Professional (IRP). The IRP made a public announcement on 2024-01-20, inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and the first meeting was held on 2024-02-16, where the applicant was continued as the Resolution

The case involves an application filed under Sections 33(2) and 34 of the Insolvency and Bankruptcy Code, 2016, seeking the initiation of liquidation proceedings against the Corporate Debtor, M/s. Dcom System Limited. The Financial Creditor, Indian Bank (Erstwhile Allahabad Bank), had initially filed an application under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the petition on 2024-01-17 and appointed the Applicant as the Interim Resolution Professional (IRP). The IRP made a public announcement on 2024-01-20, inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and the first meeting was held on 2024-02-16, where the applicant was continued as the Resolution