The case pertains to an application filed by the Liquidator, Mr. Santanu T Ray, under Section 54 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the dissolution of Sacos Indigo Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 9 of the IBC by Fairdeal International, an Operational Creditor, which was admitted on May 26, 2020. Mr. Ray was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. Despite inviting resolution plans, only one non-compliant plan was received, leading to the Committee of Creditors (COC) deciding to liquidate the Corporate Debtor on January 22, 2021. Liquidation proceedings were initiated on January 28,

The case pertains to an application filed by the Liquidator, Mr. Santanu T Ray, under Section 54 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the dissolution of Sacos Indigo Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 9 of the IBC by Fairdeal International, an Operational Creditor, which was admitted on May 26, 2020. Mr. Ray was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. Despite inviting resolution plans, only one non-compliant plan was received, leading to the Committee of Creditors (COC) deciding to liquidate the Corporate Debtor on January 22, 2021. Liquidation proceedings were initiated on January 28,