The case involves the Corporate Insolvency Resolution Process (CIRP) of M/s. Floram Shoes (India) Private Limited. CIRP was initiated following an application under Section 9 of the IBC by an Operational Creditor, Sri. G. Pandian. An order was passed on 01.08.2019 for the commencement of CIRP. Sri. Amier Hamsa Ali Abbas Rowther was appointed as the Interim Resolution Professional and later as the Liquidator. The company was ordered for liquidation on 27.01.2021. An e-auction was conducted, and BBK Leathers Private Limited emerged as the successful bidder. However, during the registration process, it was discovered that there were 325 attachments on the Corporate Debtor's assets prior to the insolvency commencement date, ordered by the Principal Labour Court, Vellore.

The case involves the Corporate Insolvency Resolution Process (CIRP) of M/s. Floram Shoes (India) Private Limited. CIRP was initiated following an application under Section 9 of the IBC by an Operational Creditor, Sri. G. Pandian. An order was passed on 01.08.2019 for the commencement of CIRP. Sri. Amier Hamsa Ali Abbas Rowther was appointed as the Interim Resolution Professional and later as the Liquidator. The company was ordered for liquidation on 27.01.2021. An e-auction was conducted, and BBK Leathers Private Limited emerged as the successful bidder. However, during the registration process, it was discovered that there were 325 attachments on the Corporate Debtor's assets prior to the insolvency commencement date, ordered by the Principal Labour Court, Vellore.