The case involves an application (IA/4305/2025) filed by Mr. Prashant Jain, the current Liquidator of Loyal Auto Globe Private Limited, seeking his replacement as Liquidator due to his inability to continue.
Mr. Prashant Jain, the current Liquidator of Loyal Auto Globe Private Limited, filed an application seeking his replacement.
The reason for seeking replacement is Mr. Prashant Jain's inability to continue as Liquidator.
SSARVI Resolution Services LLP is proposed as the new Liquidator.
The stakeholders committee and the proposed insolvency entity have given their consent.
The ninth SCC meeting held on 21.08.2025 voted in favor of the replacement by 100 percent.
The application is filed under Regulation 31A (11) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.
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Order delivered on the…
The ninth SCC meeting was held, and the…
The case involves an application (IA/4305/2025) filed by Mr. Prashant Jain, the current Liquidator of Loyal Auto Globe Private Limited, seeking his replacement as Liquidator due to his inability to continue.
Mr. Prashant Jain, the current Liquidator of Loyal Auto Globe Private Limited, filed an application seeking his replacement.
The reason for seeking replacement is Mr. Prashant Jain's inability to continue as Liquidator.
SSARVI Resolution Services LLP is proposed as the new Liquidator.
The stakeholders committee and the proposed insolvency entity have given their consent.
The ninth SCC meeting held on 21.08.2025 voted in favor of the replacement by 100 percent.
The application is filed under Regulation 31A (11) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.
Order delivered on the…
The ninth SCC meeting was held, and the…