The Corporate Insolvency Resolution Process (CIRP) was initiated against Nishta Mall Management Company Private Limited (Corporate Debtor) based on a Section 7 application filed by Canara Bank. Mr. Manoj Kumar Agarwal was initially appointed as Interim Resolution Professional (IRP), later replaced by Mr. Dinesh Kumar Aggarwal as Resolution Professional (RP). The Committee of Creditors (CoC) was constituted, comprising Canara Bank and IFCI Limited. Despite multiple attempts to invite Expressions of Interest (EOIs) and receive resolution plans, only one plan was submitted by M/s. Surendra Fiscal Services Private Limited. Major assets of the Corporate Debtor were in the possession of Future Retail Limited and Future Lifestyle Fashions Limited, leading to a NIL valuation

The Corporate Insolvency Resolution Process (CIRP) was initiated against Nishta Mall Management Company Private Limited (Corporate Debtor) based on a Section 7 application filed by Canara Bank. Mr. Manoj Kumar Agarwal was initially appointed as Interim Resolution Professional (IRP), later replaced by Mr. Dinesh Kumar Aggarwal as Resolution Professional (RP). The Committee of Creditors (CoC) was constituted, comprising Canara Bank and IFCI Limited. Despite multiple attempts to invite Expressions of Interest (EOIs) and receive resolution plans, only one plan was submitted by M/s. Surendra Fiscal Services Private Limited. Major assets of the Corporate Debtor were in the possession of Future Retail Limited and Future Lifestyle Fashions Limited, leading to a NIL valuation