The case pertains to an application filed by the Resolution Professional (RP) under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016, and Regulation 3 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The application seeks orders for the liquidation of the Corporate Debtor, Fastlane Information Technologies Private Limited, and the appointment of the Resolution Professional as the Liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition filed by Ingram Micro India Pvt Ltd (Operational Creditor) under Section 9 of the IBC, which was admitted by the Tribunal on 20.09.2022. The Interim Resolution Professional (IRP) made a public
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Fastlane Information Technologies Private Limited based on a petition filed by Ingram Micro India Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 20.09.2022. An Interim Resolution Professional (IRP) was appointed, who made a public announcement on 28.09.2022. The IRP verified the Goods and Services Tax (GST) portal and found that the Corporate Debtor (CD) had 5 GST licenses, with some inactive. The IRP visited the CD's registered offices but could not locate them. Claims were received from creditors, and a list was prepared. The IRP appointed registered valuers. An application was filed seeking a change of Resolution Professional (RP), which
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Company Petition CP(IB)/67/9/AMR/2020 filed…
The Hon'ble Tribunal…
The case pertains to an application filed by the Resolution Professional (RP) under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016, and Regulation 3 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The application seeks orders for the liquidation of the Corporate Debtor, Fastlane Information Technologies Private Limited, and the appointment of the Resolution Professional as the Liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition filed by Ingram Micro India Pvt Ltd (Operational Creditor) under Section 9 of the IBC, which was admitted by the Tribunal on 20.09.2022. The Interim Resolution Professional (IRP) made a public
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Fastlane Information Technologies Private Limited based on a petition filed by Ingram Micro India Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 20.09.2022. An Interim Resolution Professional (IRP) was appointed, who made a public announcement on 28.09.2022. The IRP verified the Goods and Services Tax (GST) portal and found that the Corporate Debtor (CD) had 5 GST licenses, with some inactive. The IRP visited the CD's registered offices but could not locate them. Claims were received from creditors, and a list was prepared. The IRP appointed registered valuers. An application was filed seeking a change of Resolution Professional (RP), which
…Company Petition CP(IB)/67/9/AMR/2020 filed…
The Hon'ble Tribunal…