The Resolution Professional (RP) filed an application to dissolve the Corporate Debtor under Rule 11 of NCLT Rules. The Committee of Creditors (CoC) refused to fund the Corporate Insolvency Resolution Process (CIRP) cost. The Corporate Debtor's operations have been closed for over a year, there are no employees, no assets, and the registered office is closed. No Form-G was published to attract resolution applicants.
The Resolution Professional filed an application (IA/1518/2024) to dissolve the Corporate Debtor. The Committee of Creditors (CoC) refused to fund the CIRP costs. The Corporate Debtor's operations have been closed for more than a year. There are no employees left with the Corporate Debtor. The company has no assets. The registered office of the Corporate Debtor is closed. No Resolution Applicant is likely to submit a Resolution Plan. No Form-G was published. The RP is to be discharged from responsibility by dissolving the Corporate Debtor without liquidation.
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The Resolution Professional filed an…
The court disposed of the IA along with CP,…
The Resolution Professional (RP) filed an application to dissolve the Corporate Debtor under Rule 11 of NCLT Rules. The Committee of Creditors (CoC) refused to fund the Corporate Insolvency Resolution Process (CIRP) cost. The Corporate Debtor's operations have been closed for over a year, there are no employees, no assets, and the registered office is closed. No Form-G was published to attract resolution applicants.
The Resolution Professional filed an application (IA/1518/2024) to dissolve the Corporate Debtor. The Committee of Creditors (CoC) refused to fund the CIRP costs. The Corporate Debtor's operations have been closed for more than a year. There are no employees left with the Corporate Debtor. The company has no assets. The registered office of the Corporate Debtor is closed. No Resolution Applicant is likely to submit a Resolution Plan. No Form-G was published. The RP is to be discharged from responsibility by dissolving the Corporate Debtor without liquidation.
The Resolution Professional filed an…
The court disposed of the IA along with CP,…