The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, Win Trendz Exim Pvt Ltd, after the Committee of Creditors (CoC) resolved to initiate liquidation due to the lack of a viable resolution plan.
Reliance Capital Limited filed a Company Petition No. 3804 of 2018 under Section 7 of the IBC to initiate CIRP against Win Trendz Exim Private Limited.
The Corporate Debtor was admitted into CIRP vide order dated 07.11.2019.
Pankaj Sham Joshi was appointed as the Interim Resolution Professional (IRP).
The Corporate Debtor is engaged in the business of cable subscriber services and internet service provider.
The IRP made a public announcement of CIRP initiation on 03.12.2019.
The Committee of Creditors (CoC) was constituted with three Financial Creditors: Reliance Commercial Finance Limited, Indostar Capital Finance Limited (Assigned to ARCIL), and India Overseas Bank.
No expression of interest was received from any prospective Resolution Applicant.
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Company Petition No. 3804 of 2018 was filed by…
The Corporate…
The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, Win Trendz Exim Pvt Ltd, after the Committee of Creditors (CoC) resolved to initiate liquidation due to the lack of a viable resolution plan.
Reliance Capital Limited filed a Company Petition No. 3804 of 2018 under Section 7 of the IBC to initiate CIRP against Win Trendz Exim Private Limited.
The Corporate Debtor was admitted into CIRP vide order dated 07.11.2019.
Pankaj Sham Joshi was appointed as the Interim Resolution Professional (IRP).
The Corporate Debtor is engaged in the business of cable subscriber services and internet service provider.
The IRP made a public announcement of CIRP initiation on 03.12.2019.
The Committee of Creditors (CoC) was constituted with three Financial Creditors: Reliance Commercial Finance Limited, Indostar Capital Finance Limited (Assigned to ARCIL), and India Overseas Bank.
No expression of interest was received from any prospective Resolution Applicant.
…Company Petition No. 3804 of 2018 was filed by…
The Corporate…