The case involves an application filed by the Resolution Professional (RP) under Section 33(1)(A) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of M/s. MaqdoomMoghny Enterprises Private Limited (Corporate Debtor). The Corporate Debtor was admitted into CIRP following an application by the Operational Creditor under Section 9 of the I&B Code, 2016. An earlier Resolution Professional was replaced due to non-cooperation from the suspended directors, and the CoC approved the initiation of liquidation proceedings as no resolution plan was received by the end of the CIRP period.
Manish Fashionworld Pvt Ltd is the Operational Creditor, while Maqdoom Moghny Enterprises Pvt Ltd is the Corporate Debtor. The Corporate Debtor was admitted into CIRP following an application by the Operational Creditor under Section 9 of the I&B Code, 2016. An earlier Resolution Professional was replaced due to non-cooperation from the suspended directors. The Erstwhile Resolution Professional filed an IA.No.780/2022 under Section 19(2) of IBC, 2016 due to non-cooperation from the suspended directors. The CoC approved the initiation of liquidation proceedings as no resolution plan was received by the end of the CIRP period, which ended on 14.06.2023. The 11th CoC meeting was held on 08.06.2023. The applicant filed an IA.No.572/2023 for exclusion of 44 days from
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Tribunal allowed the application filed by the…
Tribunal passed an order in IA. (IBC)…
The case involves an application filed by the Resolution Professional (RP) under Section 33(1)(A) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of M/s. MaqdoomMoghny Enterprises Private Limited (Corporate Debtor). The Corporate Debtor was admitted into CIRP following an application by the Operational Creditor under Section 9 of the I&B Code, 2016. An earlier Resolution Professional was replaced due to non-cooperation from the suspended directors, and the CoC approved the initiation of liquidation proceedings as no resolution plan was received by the end of the CIRP period.
Manish Fashionworld Pvt Ltd is the Operational Creditor, while Maqdoom Moghny Enterprises Pvt Ltd is the Corporate Debtor. The Corporate Debtor was admitted into CIRP following an application by the Operational Creditor under Section 9 of the I&B Code, 2016. An earlier Resolution Professional was replaced due to non-cooperation from the suspended directors. The Erstwhile Resolution Professional filed an IA.No.780/2022 under Section 19(2) of IBC, 2016 due to non-cooperation from the suspended directors. The CoC approved the initiation of liquidation proceedings as no resolution plan was received by the end of the CIRP period, which ended on 14.06.2023. The 11th CoC meeting was held on 08.06.2023. The applicant filed an IA.No.572/2023 for exclusion of 44 days from
…Tribunal allowed the application filed by the…
Tribunal passed an order in IA. (IBC)…