The case involves an application filed by the Resolution Professional of M/s Auto Needs (India) Private Limited seeking liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016.
The Resolution Professional, Mrs. Rashmi Mintri, filed an application seeking liquidation of M/s Auto Needs (India) Private Limited.
The CIRP was initially triggered by Akasa Finance Limited (formerly Pooja Finelease Limited) under Section 7 of the IBC.
The CIRP was revived after the Corporate Debtor failed to honor settlement terms.
The CoC approved liquidation with 100% voting share in its 8th meeting held on 13.06.2025.
The Resolution Professional filed a contempt application due to non-cooperation by the suspended directors.
A forensic audit identified fraudulent transactions amounting to ₹9.09 Crores.
No Expressions of Interest (EOIs) were received from prospective resolution applicants.
The CoC recommended the name of Mr. Hans Raj Bhogra as the Liquidator.
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Corporate Insolvency…
Proceedings were…
The case involves an application filed by the Resolution Professional of M/s Auto Needs (India) Private Limited seeking liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016.
The Resolution Professional, Mrs. Rashmi Mintri, filed an application seeking liquidation of M/s Auto Needs (India) Private Limited.
The CIRP was initially triggered by Akasa Finance Limited (formerly Pooja Finelease Limited) under Section 7 of the IBC.
The CIRP was revived after the Corporate Debtor failed to honor settlement terms.
The CoC approved liquidation with 100% voting share in its 8th meeting held on 13.06.2025.
The Resolution Professional filed a contempt application due to non-cooperation by the suspended directors.
A forensic audit identified fraudulent transactions amounting to ₹9.09 Crores.
No Expressions of Interest (EOIs) were received from prospective resolution applicants.
The CoC recommended the name of Mr. Hans Raj Bhogra as the Liquidator.
Corporate Insolvency…
Proceedings were…