The present application (IA-3/ND/2025) was filed by the Liquidator of M/s. CNS Fashion Retail Private Limited (Corporate Debtor) under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 14 of the IBBI (Liquidation Process) Regulations, 2016. The Liquidator sought early dissolution of the Corporate Debtor due to the absence of any realizable assets and to clarify who would bear the costs of the Corporate Insolvency Resolution Process (CIRP) and liquidation.
The Liquidator of M/s. CNS Fashion Retail Private Limited filed an application (IA-3/ND/2025) for early dissolution of the Corporate Debtor under Section 54 of IBC, 2016 and Regulation 14 of IBBI (Liquidation Process) Regulations, 2016.
The application sought an order of dissolution for CNS Fashion Retail Private Limited (CIN No. U18104DL2016PTC309024) and clarification on who would bear the costs of CIRP and liquidation.
The 2nd meeting of the Stakeholders' Consultation Committee (SCC) held on 04.07.2024, resolved with 100% assent that the Liquidator should file for early dissolution due to no available assets.
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An order was passed clarifying that creditors…
The present application (IA-3/ND/2025) was filed by the Liquidator of M/s. CNS Fashion Retail Private Limited (Corporate Debtor) under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 14 of the IBBI (Liquidation Process) Regulations, 2016. The Liquidator sought early dissolution of the Corporate Debtor due to the absence of any realizable assets and to clarify who would bear the costs of the Corporate Insolvency Resolution Process (CIRP) and liquidation.
The Liquidator of M/s. CNS Fashion Retail Private Limited filed an application (IA-3/ND/2025) for early dissolution of the Corporate Debtor under Section 54 of IBC, 2016 and Regulation 14 of IBBI (Liquidation Process) Regulations, 2016.
The application sought an order of dissolution for CNS Fashion Retail Private Limited (CIN No. U18104DL2016PTC309024) and clarification on who would bear the costs of CIRP and liquidation.
The 2nd meeting of the Stakeholders' Consultation Committee (SCC) held on 04.07.2024, resolved with 100% assent that the Liquidator should file for early dissolution due to no available assets.
…The Adjudicating Authority delivered the…
An order was passed clarifying that creditors…