The case involves an application to replace the liquidator of the Corporate Debtor, M/s. Fipola Retail (India) Private Limited, which was admitted into CIRP vide order dated 02.05.2023. The Corporate Debtor was admitted into liquidation on 08.02.2024. The current liquidator, Mr. Muthurasapuram Ganesan Chandrasekaran, sought to withdraw from his assignment due to personal reasons. The SCC recommended the appointment of Ms. S. Yasodha as the new liquidator.
M/s. Fipola Retail (India) Private Limited was admitted into CIRP vide order dated 02.05.2023 under section 7 of IBC. Subsequently, the Corporate Debtor was admitted into liquidation on 08.02.2024. Mr. Sankar Varadharajan was initially appointed as the Liquidator but was later replaced by Mr. Muthurasapuram Ganesan Chandrasekaran on 21.03.2025. Due to personal reasons, Mr. Muthurasapuram Ganesan Chandrasekaran decided to withdraw from his assignment and proposed Ms. S. Yasodha as the new liquidator. The 5th SCC meeting, held on 09.04.2025, recommended the replacement of the liquidator with a voting percentage of 80.91%. The authorization of Ms. S. Yasodha is valid upto 30.06.2025.
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M/s. Fipola Retail (India) Private Limited…
Corporate Debtor was admitted into…
The case involves an application to replace the liquidator of the Corporate Debtor, M/s. Fipola Retail (India) Private Limited, which was admitted into CIRP vide order dated 02.05.2023. The Corporate Debtor was admitted into liquidation on 08.02.2024. The current liquidator, Mr. Muthurasapuram Ganesan Chandrasekaran, sought to withdraw from his assignment due to personal reasons. The SCC recommended the appointment of Ms. S. Yasodha as the new liquidator.
M/s. Fipola Retail (India) Private Limited was admitted into CIRP vide order dated 02.05.2023 under section 7 of IBC. Subsequently, the Corporate Debtor was admitted into liquidation on 08.02.2024. Mr. Sankar Varadharajan was initially appointed as the Liquidator but was later replaced by Mr. Muthurasapuram Ganesan Chandrasekaran on 21.03.2025. Due to personal reasons, Mr. Muthurasapuram Ganesan Chandrasekaran decided to withdraw from his assignment and proposed Ms. S. Yasodha as the new liquidator. The 5th SCC meeting, held on 09.04.2025, recommended the replacement of the liquidator with a voting percentage of 80.91%. The authorization of Ms. S. Yasodha is valid upto 30.06.2025.
M/s. Fipola Retail (India) Private Limited…
Corporate Debtor was admitted into…