The application was filed by the Resolution Professional of Chinar Retails and Infrastructure Private Limited under Section 60(5) read with Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
The CIRP was initiated against Chinar Retails and Infrastructure Private Limited on 02.05.2024.
The first CoC meeting was held on 05.06.2024, where the IRP was confirmed as the RP.
The CoC expressed its opinion that the Corporate Debtor is no longer an operational entity and there is no potential for turnaround.
The CoC members with 100% voting rights resolved to make and file an application for the initiation of the Liquidation Process.
The RP filed the liquidation application on 03.07.2024.
A suspended director of the corporate debtor had filed an appeal with the NCLAT, which was dismissed on 14.05.2025.
The CoC approved the liquidation with a 100% voting share.
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Order passed initiating the CIRP against…
The IRP recei…
The application was filed by the Resolution Professional of Chinar Retails and Infrastructure Private Limited under Section 60(5) read with Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
The CIRP was initiated against Chinar Retails and Infrastructure Private Limited on 02.05.2024.
The first CoC meeting was held on 05.06.2024, where the IRP was confirmed as the RP.
The CoC expressed its opinion that the Corporate Debtor is no longer an operational entity and there is no potential for turnaround.
The CoC members with 100% voting rights resolved to make and file an application for the initiation of the Liquidation Process.
The RP filed the liquidation application on 03.07.2024.
A suspended director of the corporate debtor had filed an appeal with the NCLAT, which was dismissed on 14.05.2025.
The CoC approved the liquidation with a 100% voting share.
Order passed initiating the CIRP against…
The IRP recei…