Mr. Rakesh Kumar Relan, the Resolution Professional (RP) of Shri Tradco Deesan Private Limited (Corporate Debtor), filed an application seeking the initiation of liquidation proceedings under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 15.02.2023. Despite multiple extensions, the CIRP period, aggregating to 741 days, expired on 20.11.2025, and no resolution plan was approved by the Committee of Creditors (CoC).
Mr. Rakesh Kumar Relan, the Resolution Professional (RP) of Shri Tradco Deesan Private Limited, filed an application for the initiation of liquidation process.
The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) by the Tribunal on 15.02.2023.
An appeal against the admission order was filed by the Suspended Board of Directors, and the CIRP was stayed by NCLAT, which was later vacated on 01.09.2023.
The RP published Form-G on 08.12.2023, with the last date for Expression of Interest (EoI) being 23.12.2023.
The final list of Prospective Resolution Applicants (PRAs) was published on 07.01.2024.
The last date for submission of resolution plans was initially 15.02.2025, extended to 06.05.2025.
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The Corporate Debtor…
The stay on CIRP by Hon'ble NCLAT, following an…
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Mr. Rakesh Kumar Relan, the Resolution Professional (RP) of Shri Tradco Deesan Private Limited (Corporate Debtor), filed an application seeking the initiation of liquidation proceedings under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 15.02.2023. Despite multiple extensions, the CIRP period, aggregating to 741 days, expired on 20.11.2025, and no resolution plan was approved by the Committee of Creditors (CoC).
Mr. Rakesh Kumar Relan, the Resolution Professional (RP) of Shri Tradco Deesan Private Limited, filed an application for the initiation of liquidation process.
The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) by the Tribunal on 15.02.2023.
An appeal against the admission order was filed by the Suspended Board of Directors, and the CIRP was stayed by NCLAT, which was later vacated on 01.09.2023.
The RP published Form-G on 08.12.2023, with the last date for Expression of Interest (EoI) being 23.12.2023.
The final list of Prospective Resolution Applicants (PRAs) was published on 07.01.2024.
The last date for submission of resolution plans was initially 15.02.2025, extended to 06.05.2025.
…The Corporate Debtor…
The stay on CIRP by Hon'ble NCLAT, following an…
Sign in to view related legal provisions.