An application was filed by Shimping Technology Pvt. Ltd. (Financial Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against Foxdom Technologies Pvt. Ltd. (Corporate Debtor) under Section 7 of the Code. The Adjudicating Authority admitted the application on 03.02.2023 and appointed Mr. Shailendra Singh as the Interim Resolution Professional, who was later confirmed as the Resolution Professional by the Committee of Creditors (CoC).
An application under Section 7 of the IBC was filed by Shimping Technology Pvt. Ltd. against Foxdom Technologies Pvt. Ltd.
The application was admitted on 03.02.2023, and a moratorium was declared.
Mr. Shailendra Singh was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional.
The Committee of Creditors (CoC) was constituted with M/s Shimping Technology Pvt. Ltd. as the sole financial creditor.
The Corporate Debtor's bank account was frozen by the Directorate of Enforcement (ED) due to a PMLA investigation.
Despite multiple extensions, no resolution plan was received.
The CoC resolved to initiate liquidation of the Corporate Debtor.
The Resolution Professional filed an application for liquidation under Section 33(2) of the IBC.
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The Adjudicating Authority admitted the…
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An application was filed by Shimping Technology Pvt. Ltd. (Financial Creditor) to initiate Corporate Insolvency Resolution Process (CIRP) against Foxdom Technologies Pvt. Ltd. (Corporate Debtor) under Section 7 of the Code. The Adjudicating Authority admitted the application on 03.02.2023 and appointed Mr. Shailendra Singh as the Interim Resolution Professional, who was later confirmed as the Resolution Professional by the Committee of Creditors (CoC).
An application under Section 7 of the IBC was filed by Shimping Technology Pvt. Ltd. against Foxdom Technologies Pvt. Ltd.
The application was admitted on 03.02.2023, and a moratorium was declared.
Mr. Shailendra Singh was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional.
The Committee of Creditors (CoC) was constituted with M/s Shimping Technology Pvt. Ltd. as the sole financial creditor.
The Corporate Debtor's bank account was frozen by the Directorate of Enforcement (ED) due to a PMLA investigation.
Despite multiple extensions, no resolution plan was received.
The CoC resolved to initiate liquidation of the Corporate Debtor.
The Resolution Professional filed an application for liquidation under Section 33(2) of the IBC.
…The Adjudicating Authority admitted the…
A public announcement…