The case involves an application for liquidation of the Corporate Debtor, M/s. LI Digital Payments Pvt. Ltd., under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Committee of Creditors (CoC) passed a resolution to liquidate the corporate debtor with 100% vote share. The Resolution Professional (RP) presented the resolution to the Adjudicating Authority (NCLT).
The Corporate Debtor, M/s. LI Digital Payments Pvt. Ltd., is undergoing Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016. The Committee of Creditors (CoC) passed a resolution with 100% vote share to liquidate the Corporate Debtor. The RP presented the resolution to the NCLT. The CoC considered the status of the corporate debtor and concluded that its revival as a going concern was not commercially feasible. The funds and assets of the company were insufficient to meet the costs and expenses of the insolvency administration. The CoC also considered proposals for taking new premises on rent, changing the registered office, seeking extension of time for CIRP, and ratifying applications filed with NCLT. The CoC decided to appoint another insolvency
…Sign in to view the parties.
Hearing deferred to…
Resolution dated…
The case involves an application for liquidation of the Corporate Debtor, M/s. LI Digital Payments Pvt. Ltd., under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Committee of Creditors (CoC) passed a resolution to liquidate the corporate debtor with 100% vote share. The Resolution Professional (RP) presented the resolution to the Adjudicating Authority (NCLT).
The Corporate Debtor, M/s. LI Digital Payments Pvt. Ltd., is undergoing Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016. The Committee of Creditors (CoC) passed a resolution with 100% vote share to liquidate the Corporate Debtor. The RP presented the resolution to the NCLT. The CoC considered the status of the corporate debtor and concluded that its revival as a going concern was not commercially feasible. The funds and assets of the company were insufficient to meet the costs and expenses of the insolvency administration. The CoC also considered proposals for taking new premises on rent, changing the registered office, seeking extension of time for CIRP, and ratifying applications filed with NCLT. The CoC decided to appoint another insolvency
…Hearing deferred to…
Resolution dated…