The case involves an application for the dissolution of the Corporate Debtor, M/s Laksh Foods Pvt. Ltd., filed by the Resolution Professional (RP) under Section 54 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated by the Operational Creditor, M/S Holy-Land Marketing Private Limited, under Section 9 of the IBC, 2016. The RP, Mr. Naresh Kumar Munjal, was appointed to carry out the CIRP. The IRP issued announcements, invited claims from creditors, and constituted a Committee of Creditors (CoC). The RP visited the registered office of the Corporate Debtor but found no office being run there for the past four years. The Corporate Debtor had only filed financial statements with the ROC up to March 31, 2014.
…The Corporate Insolvency Resolution Process (CIRP) was initiated by M/S Holy-Land Marketing Private Limited against M/S Laksh Foods Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Naresh Kumar Munjal was appointed as the Interim Resolution Professional (IRP). The IRP made public announcements and invited claims from creditors, subsequently forming a Committee of Creditors (CoC). Upon visiting the registered office of the Corporate Debtor, the IRP discovered that no business operations had been conducted at that location for over four years. The Corporate Debtor's financial statements were only filed with the Registrar of Companies (ROC) up to March 31, 2014. The IRP contacted various banks, including Yes Bank, Andhra Bank, and HDFC Bank, to
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Corporate Insolvency Resolution Process was…
The Applicant along with his team visited the…
The case involves an application for the dissolution of the Corporate Debtor, M/s Laksh Foods Pvt. Ltd., filed by the Resolution Professional (RP) under Section 54 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated by the Operational Creditor, M/S Holy-Land Marketing Private Limited, under Section 9 of the IBC, 2016. The RP, Mr. Naresh Kumar Munjal, was appointed to carry out the CIRP. The IRP issued announcements, invited claims from creditors, and constituted a Committee of Creditors (CoC). The RP visited the registered office of the Corporate Debtor but found no office being run there for the past four years. The Corporate Debtor had only filed financial statements with the ROC up to March 31, 2014.
…The Corporate Insolvency Resolution Process (CIRP) was initiated by M/S Holy-Land Marketing Private Limited against M/S Laksh Foods Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Naresh Kumar Munjal was appointed as the Interim Resolution Professional (IRP). The IRP made public announcements and invited claims from creditors, subsequently forming a Committee of Creditors (CoC). Upon visiting the registered office of the Corporate Debtor, the IRP discovered that no business operations had been conducted at that location for over four years. The Corporate Debtor's financial statements were only filed with the Registrar of Companies (ROC) up to March 31, 2014. The IRP contacted various banks, including Yes Bank, Andhra Bank, and HDFC Bank, to
…Corporate Insolvency Resolution Process was…
The Applicant along with his team visited the…