The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Lumiford Private Limited (Corporate Debtor) by M/s. COSR Ventures, a Financial Creditor, under Section 9 of the IBC. Mr. Gonuganta Murali was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Kailash Shah as the Resolution Professional (RP). A Committee of Creditors (CoC) was constituted, and claims were received primarily from operational creditors. The CIRP faced challenges including an interim stay granted by the NCLAT, which was later vacated, and non-cooperation from the Suspended Management of the Corporate Debtor, leading to difficulties in issuing the Information Memorandum and identifying illegal transactions.
The present application for liquidation was filed by Mr. Kailash Shah, Resolution Professional of M/s. Lumiford Private Limited (Corporate Debtor), under Section 33(2) of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated by M/s. COSR Ventures, a Financial Creditor, against M/s. Lumiford Private Limited under Section 9 of the IBC.
The CIRP was admitted by the Tribunal on 10.06.2024, and Mr. Gonuganta Murali was appointed as the Interim Resolution Professional (IRP).
A Public Announcement Notice was issued on 16.06.2024, inviting claims from creditors, with 28.06.2024 as the last date for submission.
Upon receipt of claims, the Committee of Creditors (CoC) was constituted.
…Sign in to view the parties.
CIRP admission order passed in CP(IB)…
Public Announcement…
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Lumiford Private Limited (Corporate Debtor) by M/s. COSR Ventures, a Financial Creditor, under Section 9 of the IBC. Mr. Gonuganta Murali was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Kailash Shah as the Resolution Professional (RP). A Committee of Creditors (CoC) was constituted, and claims were received primarily from operational creditors. The CIRP faced challenges including an interim stay granted by the NCLAT, which was later vacated, and non-cooperation from the Suspended Management of the Corporate Debtor, leading to difficulties in issuing the Information Memorandum and identifying illegal transactions.
The present application for liquidation was filed by Mr. Kailash Shah, Resolution Professional of M/s. Lumiford Private Limited (Corporate Debtor), under Section 33(2) of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated by M/s. COSR Ventures, a Financial Creditor, against M/s. Lumiford Private Limited under Section 9 of the IBC.
The CIRP was admitted by the Tribunal on 10.06.2024, and Mr. Gonuganta Murali was appointed as the Interim Resolution Professional (IRP).
A Public Announcement Notice was issued on 16.06.2024, inviting claims from creditors, with 28.06.2024 as the last date for submission.
Upon receipt of claims, the Committee of Creditors (CoC) was constituted.
…CIRP admission order passed in CP(IB)…
Public Announcement…