The case pertains to an application filed by the Resolution Professional (RP) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of M/s. Krishna Premium Care Services LLP, the Corporate Debtor. The Adjudicating Authority had previously appointed an Interim Resolution Professional (IRP) who was later confirmed as the RP by the Committee of Creditors (CoC). The RP took over the books and records of the Corporate Debtor and assigned a transaction audit, which was later withdrawn due to non-cooperation from the Suspended Management. The CoC did not approve the proposal to assign the audit to another firm.
M/s. Krishna Premium Care Services LLP is the Corporate Debtor. An application was filed by the Resolution Professional (RP) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation. The Adjudicating Authority appointed an IRP who was confirmed as RP by the CoC. The RP took over the Corporate Debtor's records and assigned a transaction audit, which was withdrawn due to non-cooperation from the Suspended Management. The CoC rejected the proposal to assign the audit to another firm. The Adjudicating Authority then ordered the liquidation of the Corporate Debtor and appointed Shri. P. Nagaraj Chary as the Liquidator. The order was issued on 06.09.2023.
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The Adjudicating Authority appointed the…
The IRP was confirmed as the Resolution…
The case pertains to an application filed by the Resolution Professional (RP) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of M/s. Krishna Premium Care Services LLP, the Corporate Debtor. The Adjudicating Authority had previously appointed an Interim Resolution Professional (IRP) who was later confirmed as the RP by the Committee of Creditors (CoC). The RP took over the books and records of the Corporate Debtor and assigned a transaction audit, which was later withdrawn due to non-cooperation from the Suspended Management. The CoC did not approve the proposal to assign the audit to another firm.
M/s. Krishna Premium Care Services LLP is the Corporate Debtor. An application was filed by the Resolution Professional (RP) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation. The Adjudicating Authority appointed an IRP who was confirmed as RP by the CoC. The RP took over the Corporate Debtor's records and assigned a transaction audit, which was withdrawn due to non-cooperation from the Suspended Management. The CoC rejected the proposal to assign the audit to another firm. The Adjudicating Authority then ordered the liquidation of the Corporate Debtor and appointed Shri. P. Nagaraj Chary as the Liquidator. The order was issued on 06.09.2023.
The Adjudicating Authority appointed the…
The IRP was confirmed as the Resolution…