The Resolution Professional (RP) of M/s. Inditrade Business Consultants Limited filed an application under Section 33 and 60(5)(c) of the IBC, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Vibin Vincent was appointed as the Interim Resolution Professional (IRP) and subsequently as the RP. During the CIRP, it was found that the Corporate Debtor was not functioning from its registered office, and the suspended management consistently failed to cooperate by not handing over books of accounts, records, and electronic data. Despite publishing Form G, no Expressions of Interest or Resolution Plans were received.
An application was filed under Section 33 and 60(5)(c) of the Insolvency & Bankruptcy Code, 2016, by the Resolution Professional of M/s. Inditrade Business Consultants Limited.
The Applicant, Mr. Vibin Vincent, was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor by an order dated 10.10.2025, admitting the Corporate Insolvency Resolution Process (CIRP).
At the 1st Committee of Creditors (CoC) meeting on 07.11.2025, the CoC, with 100% voting share, resolved to appoint Mr. Vibin Vincent as the Resolution Professional (RP), which was confirmed by the Adjudicating Authority on 20.11.2025.
The Applicant made the statutory public announcement on 12.10.2025, inviting claims from creditors.
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The applicati…
The Corporate Insolvency Resolution Process…
The Resolution Professional (RP) of M/s. Inditrade Business Consultants Limited filed an application under Section 33 and 60(5)(c) of the IBC, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Vibin Vincent was appointed as the Interim Resolution Professional (IRP) and subsequently as the RP. During the CIRP, it was found that the Corporate Debtor was not functioning from its registered office, and the suspended management consistently failed to cooperate by not handing over books of accounts, records, and electronic data. Despite publishing Form G, no Expressions of Interest or Resolution Plans were received.
An application was filed under Section 33 and 60(5)(c) of the Insolvency & Bankruptcy Code, 2016, by the Resolution Professional of M/s. Inditrade Business Consultants Limited.
The Applicant, Mr. Vibin Vincent, was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor by an order dated 10.10.2025, admitting the Corporate Insolvency Resolution Process (CIRP).
At the 1st Committee of Creditors (CoC) meeting on 07.11.2025, the CoC, with 100% voting share, resolved to appoint Mr. Vibin Vincent as the Resolution Professional (RP), which was confirmed by the Adjudicating Authority on 20.11.2025.
The Applicant made the statutory public announcement on 12.10.2025, inviting claims from creditors.
…The applicati…
The Corporate Insolvency Resolution Process…