The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, by Fanendra H Munot, the Resolution Professional (RP) of Max Flex & Imaging Systems Limited, seeking a liquidation order and appointment of the Applicant/RP as liquidator. This request is based on a resolution passed by the Committee of Creditors (CoC) in its second meeting held on May 31, 2022. The Corporate Insolvency Resolution Process (CIRP) was initiated, and after being remanded back by NCLAT, it was re-initiated on September 8, 2021. Public announcements were made, inviting claims from creditors, and the CoC was constituted.
Fanendra H Munot, the Resolution Professional (RP) of Max Flex & Imaging Systems Limited, filed an application under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking a liquidation order and appointment as liquidator. The application was based on a resolution passed by the Committee of Creditors (CoC) in its second meeting held on May 31, 2022. The Corporate Insolvency Resolution Process (CIRP) had been initiated earlier, and after being remanded back by NCLAT, it was re-initiated on September 8, 2021. Public announcements were made to invite claims from creditors. No Expression of Interest (EoI) was received during the previous CIRP. Consequently, the CoC, in its second meeting, passed a resolution with a 100% majority to liquidate the Corporate
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The initial Corporate…
The Tribunal admitted…
The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, by Fanendra H Munot, the Resolution Professional (RP) of Max Flex & Imaging Systems Limited, seeking a liquidation order and appointment of the Applicant/RP as liquidator. This request is based on a resolution passed by the Committee of Creditors (CoC) in its second meeting held on May 31, 2022. The Corporate Insolvency Resolution Process (CIRP) was initiated, and after being remanded back by NCLAT, it was re-initiated on September 8, 2021. Public announcements were made, inviting claims from creditors, and the CoC was constituted.
Fanendra H Munot, the Resolution Professional (RP) of Max Flex & Imaging Systems Limited, filed an application under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking a liquidation order and appointment as liquidator. The application was based on a resolution passed by the Committee of Creditors (CoC) in its second meeting held on May 31, 2022. The Corporate Insolvency Resolution Process (CIRP) had been initiated earlier, and after being remanded back by NCLAT, it was re-initiated on September 8, 2021. Public announcements were made to invite claims from creditors. No Expression of Interest (EoI) was received during the previous CIRP. Consequently, the CoC, in its second meeting, passed a resolution with a 100% majority to liquidate the Corporate
…The initial Corporate…
The Tribunal admitted…