The case involves an application filed under Section 54(1) of the Insolvency & Bankruptcy Code, 2016, seeking the dissolution of Tag Info Solutions India Pvt Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2019-08-05 under Section 7 of the IBC. Subsequently, on 2021-08-03, the Tribunal ordered the liquidation of the Corporate Debtor. The liquidator reported non-cooperation from the suspended directors and ex-promoters, and the company had no realizable assets to cover liquidation costs.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Tag Info Solutions India Pvt Ltd on 2019-08-05 under Section 7 of the Insolvency & Bankruptcy Code (IBC), 2016. An order for liquidation was passed on 2021-08-03. The liquidator, Mr. Navneeth Vasudevan, reported non-cooperation from the suspended directors and ex-promoters of the Corporate Debtor. The Corporate Debtor had no realizable assets to cover the cost of liquidation. The liquidator filed Form H and progress reports, revealing that only two claims were received during CIRP. The liquidator visited the corporate debtor's office and found no company representative present. The suspended directors evaded the proceedings, and the RP/Liquidator was unable to take the matter forward. No
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CIRP initiated against…
Tribunal orde…
The case involves an application filed under Section 54(1) of the Insolvency & Bankruptcy Code, 2016, seeking the dissolution of Tag Info Solutions India Pvt Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2019-08-05 under Section 7 of the IBC. Subsequently, on 2021-08-03, the Tribunal ordered the liquidation of the Corporate Debtor. The liquidator reported non-cooperation from the suspended directors and ex-promoters, and the company had no realizable assets to cover liquidation costs.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Tag Info Solutions India Pvt Ltd on 2019-08-05 under Section 7 of the Insolvency & Bankruptcy Code (IBC), 2016. An order for liquidation was passed on 2021-08-03. The liquidator, Mr. Navneeth Vasudevan, reported non-cooperation from the suspended directors and ex-promoters of the Corporate Debtor. The Corporate Debtor had no realizable assets to cover the cost of liquidation. The liquidator filed Form H and progress reports, revealing that only two claims were received during CIRP. The liquidator visited the corporate debtor's office and found no company representative present. The suspended directors evaded the proceedings, and the RP/Liquidator was unable to take the matter forward. No
…CIRP initiated against…
Tribunal orde…