An application was filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, Sova Stores & Spares Private Limited.
The application was filed under Section 33 of the Insolvency and Bankruptcy Code, 2016.
Corporate Insolvency Resolution Process (CIRP) was initiated on 29th April, 2025.
The Applicant made a Public Announcement in Form-A on 6th May, 2025.
Form G was published on 28th June, 2025 and 24th July, 2025, but no Expression of Interest (EOI) was received.
The 6th CoC meeting was held on 16th October, 2025.
The CIRP period of 180 days was due to expire on 26th October, 2025.
The CoC unanimously resolved to go for liquidation of the Corporate Debtor.
The CoC proposed the name of Narayan Agarwal as the Liquidator.
Two Interlocutory Applications were filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, seeking cooperation from the suspended management and IndusInd Bank.
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Corporate Insolvency…
The applicant made…
An application was filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, Sova Stores & Spares Private Limited.
The application was filed under Section 33 of the Insolvency and Bankruptcy Code, 2016.
Corporate Insolvency Resolution Process (CIRP) was initiated on 29th April, 2025.
The Applicant made a Public Announcement in Form-A on 6th May, 2025.
Form G was published on 28th June, 2025 and 24th July, 2025, but no Expression of Interest (EOI) was received.
The 6th CoC meeting was held on 16th October, 2025.
The CIRP period of 180 days was due to expire on 26th October, 2025.
The CoC unanimously resolved to go for liquidation of the Corporate Debtor.
The CoC proposed the name of Narayan Agarwal as the Liquidator.
Two Interlocutory Applications were filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, seeking cooperation from the suspended management and IndusInd Bank.
…Corporate Insolvency…
The applicant made…