The case involves an Interlocutory Application (IA 2712/2024) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against Matrix Bizcom Services Private Limited. The CIRP was initiated following a petition by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Arun Bagaria was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. Subsequently, the Committee of Creditors (CoC) resolved for liquidation, and the Bench initiated the Liquidation Process. The liquidator filed an Early Dissolution Application, which was later withdrawn to proceed with the auction of the Corporate Debtor's assets. The assets were eventually sold as a going concern to Lokdhun
…The Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) against Matrix Bizcom Services Private Limited based on a petition filed by the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. Arun Bagaria was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. The Committee of Creditors (CoC) passed a resolution for liquidation. The liquidator filed an Early Dissolution Application, which was later withdrawn to proceed with the auction of the Corporate Debtor's assets. The assets were sold as a going concern to Lokdhun Telemedia Private Limited. The liquidator confirmed the sale via a Sale Certificate dated 2024-01-11. The Corporate Debtor's bank account was
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The Adjudicating Authority passed an order…
The first meeting of the Committee of Creditors…
The case involves an Interlocutory Application (IA 2712/2024) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against Matrix Bizcom Services Private Limited. The CIRP was initiated following a petition by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Arun Bagaria was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. Subsequently, the Committee of Creditors (CoC) resolved for liquidation, and the Bench initiated the Liquidation Process. The liquidator filed an Early Dissolution Application, which was later withdrawn to proceed with the auction of the Corporate Debtor's assets. The assets were eventually sold as a going concern to Lokdhun
…The Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) against Matrix Bizcom Services Private Limited based on a petition filed by the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. Arun Bagaria was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. The Committee of Creditors (CoC) passed a resolution for liquidation. The liquidator filed an Early Dissolution Application, which was later withdrawn to proceed with the auction of the Corporate Debtor's assets. The assets were sold as a going concern to Lokdhun Telemedia Private Limited. The liquidator confirmed the sale via a Sale Certificate dated 2024-01-11. The Corporate Debtor's bank account was
…The Adjudicating Authority passed an order…
The first meeting of the Committee of Creditors…