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. Despite efforts, no viable resolution plan was received, leading the Committee of Creditors (CoC) to approve liquidation.
Manish Fashionworld Pvt Ltd is the Operational Creditor. Maqdoom Moghny Enterprises Pvt Ltd is the Corporate Debtor. An application was 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 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 conducted the 8th meeting on 12.01.2023 and resolved to replace the
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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. Despite efforts, no viable resolution plan was received, leading the Committee of Creditors (CoC) to approve liquidation.
Manish Fashionworld Pvt Ltd is the Operational Creditor. Maqdoom Moghny Enterprises Pvt Ltd is the Corporate Debtor. An application was 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 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 conducted the 8th meeting on 12.01.2023 and resolved to replace the
…Tribunal allowed the application filed by the…
Tribunal passed an order in IA. (IBC)…