The case pertains to the dissolution of Fashion Equations Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Liquidation was ordered, and the applicant was appointed as the liquidator. The Stakeholders Consultation Committee (SCC) was formed. The corporate debtor had no assets and had not been doing business since COVID. The SCC resolved to file an application to dissolve the Corporate Debtor.
The Corporate Debtor, Fashion Equations Pvt. Ltd., underwent CIRP initiated by the Tribunal on 28.04.2022. The Applicant was appointed as IRP and later as RP. Liquidation was ordered on 08.02.2019 in IA/1377/2023 in CP/323/IB/2018, and the Applicant was appointed as the Liquidator. A Stakeholders Consultation Committee (SCC) was constituted on 21.09.2023. The Corporate Debtor had no assets and had not been doing any business since COVID. The SCC, with 76.2% voting, resolved to file an application for dissolution. The liquidator filed a synopsis showing the realization and distribution. The liquidator stated that no applications are pending before the Tribunal regarding avoidance, preferential, undervalued, or fraudulent transactions. Canara Bank was a secured financial
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Tribunal initiated the Corporate Insolvency…
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The case pertains to the dissolution of Fashion Equations Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Liquidation was ordered, and the applicant was appointed as the liquidator. The Stakeholders Consultation Committee (SCC) was formed. The corporate debtor had no assets and had not been doing business since COVID. The SCC resolved to file an application to dissolve the Corporate Debtor.
The Corporate Debtor, Fashion Equations Pvt. Ltd., underwent CIRP initiated by the Tribunal on 28.04.2022. The Applicant was appointed as IRP and later as RP. Liquidation was ordered on 08.02.2019 in IA/1377/2023 in CP/323/IB/2018, and the Applicant was appointed as the Liquidator. A Stakeholders Consultation Committee (SCC) was constituted on 21.09.2023. The Corporate Debtor had no assets and had not been doing any business since COVID. The SCC, with 76.2% voting, resolved to file an application for dissolution. The liquidator filed a synopsis showing the realization and distribution. The liquidator stated that no applications are pending before the Tribunal regarding avoidance, preferential, undervalued, or fraudulent transactions. Canara Bank was a secured financial
…Tribunal initiated the Corporate Insolvency…
Tribunal ordered the liquidation of the…
Sign in to view related legal provisions.