The Corporate Insolvency Resolution Process (CIRP) for Future Lifestyle Fashions Limited was initiated. A resolution plan, though approved by the Committee of Creditors (CoC), was subsequently withdrawn by the Successful Resolution Applicant (SRA). This withdrawal rendered the plan unimplementable and led the CoC to resolve for the liquidation of the Corporate Debtor.
Corporate Insolvency Resolution Process (CIRP) of Future Lifestyle Fashions Limited was initiated by the Tribunal vide order dated 04.05.2023 upon admission of a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Mr. Ravi Sethia was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.
The Committee of Creditors (CoC) was constituted and later reconstituted on 07.02.2024 vide IA 794 of 2024.
The Resolution Professional, after due consent of the CoC, published 3 Form Gs for Expression of Interest, and several resolution applicants submitted a Resolution Plan.
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Corporate Insolvency Resolution Process (CIRP)…
The matter was listed on Board, where Ld.…
The Corporate Insolvency Resolution Process (CIRP) for Future Lifestyle Fashions Limited was initiated. A resolution plan, though approved by the Committee of Creditors (CoC), was subsequently withdrawn by the Successful Resolution Applicant (SRA). This withdrawal rendered the plan unimplementable and led the CoC to resolve for the liquidation of the Corporate Debtor.
Corporate Insolvency Resolution Process (CIRP) of Future Lifestyle Fashions Limited was initiated by the Tribunal vide order dated 04.05.2023 upon admission of a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Mr. Ravi Sethia was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.
The Committee of Creditors (CoC) was constituted and later reconstituted on 07.02.2024 vide IA 794 of 2024.
The Resolution Professional, after due consent of the CoC, published 3 Form Gs for Expression of Interest, and several resolution applicants submitted a Resolution Plan.
…Corporate Insolvency Resolution Process (CIRP)…
The matter was listed on Board, where Ld.…