The case pertains to an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, P.C. Dey & Son Distribution Private Limited.
The Corporate Debtor, P.C. Dey & Son Distribution Private Limited, was admitted into CIRP on 04.07.2025 based on a petition filed by Indian Bank.
The Committee of Creditors (CoC) was constituted, with Indian Bank and Aditya Birla Capital Limited as the financial creditors.
The CoC unanimously resolved to initiate liquidation of the Corporate Debtor under Section 33 of the IBC, 2016.
The Corporate Debtor had been non-operational for over six years, possessed no active business or employees, and maintained no updated books of account after FY 2017-18.
Major secured assets of the Corporate Debtor had already been disposed of by Indian Bank prior to the commencement of CIRP.
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Corporate Debtor…
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The case pertains to an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, P.C. Dey & Son Distribution Private Limited.
The Corporate Debtor, P.C. Dey & Son Distribution Private Limited, was admitted into CIRP on 04.07.2025 based on a petition filed by Indian Bank.
The Committee of Creditors (CoC) was constituted, with Indian Bank and Aditya Birla Capital Limited as the financial creditors.
The CoC unanimously resolved to initiate liquidation of the Corporate Debtor under Section 33 of the IBC, 2016.
The Corporate Debtor had been non-operational for over six years, possessed no active business or employees, and maintained no updated books of account after FY 2017-18.
Major secured assets of the Corporate Debtor had already been disposed of by Indian Bank prior to the commencement of CIRP.
…Corporate Debtor…
Public announcement…