The case pertains to a Corporate Insolvency Resolution Process (CIRP) initiated against Euphoria Technologies Pvt. Ltd. An order for CIRP was passed on 2021-03-17 in C.P.(IB) 157/2019 by Bench-1, based on an application by Centillion Solutions & Services Pvt. Ltd., another Operational Creditor. The applicant states that the corporate debtor did not intimate NCLAT of the fact of initiation of CIRP in March, 2021 till February, 2022.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Euphoria Technologies Pvt. Ltd. on 2021-03-17, based on an application filed by Centillion Solutions & Services Pvt. Ltd. The applicant alleges that Euphoria Technologies Pvt. Ltd. did not inform the Hon'ble NCLAT about the CIRP initiation while pursuing an appeal before it from March 2021 to February 2022. This lack of disclosure is considered a significant fact, potentially impacting the fairness and transparency of the proceedings. The court is considering recording the conduct of the Corporate Debtor.
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The case pertains to a Corporate Insolvency Resolution Process (CIRP) initiated against Euphoria Technologies Pvt. Ltd. An order for CIRP was passed on 2021-03-17 in C.P.(IB) 157/2019 by Bench-1, based on an application by Centillion Solutions & Services Pvt. Ltd., another Operational Creditor. The applicant states that the corporate debtor did not intimate NCLAT of the fact of initiation of CIRP in March, 2021 till February, 2022.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Euphoria Technologies Pvt. Ltd. on 2021-03-17, based on an application filed by Centillion Solutions & Services Pvt. Ltd. The applicant alleges that Euphoria Technologies Pvt. Ltd. did not inform the Hon'ble NCLAT about the CIRP initiation while pursuing an appeal before it from March 2021 to February 2022. This lack of disclosure is considered a significant fact, potentially impacting the fairness and transparency of the proceedings. The court is considering recording the conduct of the Corporate Debtor.
CIRP order passed against…
Initiation of CIRP in…
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