The Resolution Professional of the Corporate Debtor filed an application for liquidation and dissolution of the Corporate Debtor due to non-cooperation from its suspended directors, lack of assets, and no viable resolution plan.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process ( CIRP ) against Njoy Blues LLP, the Corporate Debtor, on November 29, 2022. Mr. Arun Poddar was appointed as the Interim Resolution Professional (IRP). Public announcements were made in Form A on December 2, 2022, inviting claims from creditors, in accordance with regulation 6 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Committee of Creditors (CoC) was constituted on December 19, 2022, with the operational creditor as the sole member. The first CoC meeting was held on December 27, 2022, where Mr. Arun Poddar's appointment as Resolution Professional (RP) was approved with 100% voting share. An application under section 19(2) of the Code was
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Adjudicating Authority ordered the…
Public Announcements in Form A were published in…
The Resolution Professional of the Corporate Debtor filed an application for liquidation and dissolution of the Corporate Debtor due to non-cooperation from its suspended directors, lack of assets, and no viable resolution plan.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process ( CIRP ) against Njoy Blues LLP, the Corporate Debtor, on November 29, 2022. Mr. Arun Poddar was appointed as the Interim Resolution Professional (IRP). Public announcements were made in Form A on December 2, 2022, inviting claims from creditors, in accordance with regulation 6 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Committee of Creditors (CoC) was constituted on December 19, 2022, with the operational creditor as the sole member. The first CoC meeting was held on December 27, 2022, where Mr. Arun Poddar's appointment as Resolution Professional (RP) was approved with 100% voting share. An application under section 19(2) of the Code was
…Adjudicating Authority ordered the…
Public Announcements in Form A were published in…