The case pertains to Fipola Retail (India) Pvt. Ltd. An applicant sought the handing over of vacant possession of premises measuring 1194 sq. ft. in Mogappair West, Chennai. The applicant offered alternate premises on the terrace of the same building. The liquidator was agreeable to the proposal if feasible. The liquidator filed a memo on 2024-08-12 recommending the appointment of Mutharasapuram. The current liquidator wished to resign with immediate effect. Outstanding payments for RP and the liquidator have not been discharged by the members of the SCC and COC. Counsels representing unsecured creditors stated that they have discharged the responsibility of liquidator dues and sought time to clear CIRP dues.

The case pertains to Fipola Retail (India) Pvt. Ltd. An applicant sought the handing over of vacant possession of premises measuring 1194 sq. ft. in Mogappair West, Chennai. The applicant offered alternate premises on the terrace of the same building. The liquidator was agreeable to the proposal if feasible. The liquidator filed a memo on 2024-08-12 recommending the appointment of Mutharasapuram. The current liquidator wished to resign with immediate effect. Outstanding payments for RP and the liquidator have not been discharged by the members of the SCC and COC. Counsels representing unsecured creditors stated that they have discharged the responsibility of liquidator dues and sought time to clear CIRP dues.