The application was filed by the liquidator, Mr. Sethurathnam Ravi, seeking exclusion of the lockdown period from the liquidation process of the Corporate Debtor, Acasia Tele Service Private Limited. The Corporate Insolvency Resolution Process (CIRP) commenced on 20.03.2018, and the applicant was appointed as Interim Resolution Professional. The liquidator sought an order allowing a period of 251 days from March 25, 2020, to November 30, 2020, as 'Exclusion' for completing the liquidation process.
The Corporate Insolvency Resolution Process (CIRP) for Acasia Tele Service Private Limited commenced on 20.03.2018. Mr. Sethurathnam Ravi was appointed as the Interim Resolution Professional and later as the liquidator. The Fourth Meeting of the Committee of Creditors (CoC) on 17.10.2018 recommended the initiation of the liquidation process. An order for liquidation was passed on 11.02.2019. The corporate debtor's assets include receivables and advances from various parties, some of whom are also undergoing liquidation. The liquidator is also in the process of realizing investments made by the corporate debtor in shares. The 8th Progress Report of the corporate debtor was filed on 14.01.2021. Due to the COVID-19 pandemic and the subsequent lockdown imposed from March
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Corporate Insolvency Resolution Process (CIRP)…
Fourth Meeting of the Committee of Creditors…
The application was filed by the liquidator, Mr. Sethurathnam Ravi, seeking exclusion of the lockdown period from the liquidation process of the Corporate Debtor, Acasia Tele Service Private Limited. The Corporate Insolvency Resolution Process (CIRP) commenced on 20.03.2018, and the applicant was appointed as Interim Resolution Professional. The liquidator sought an order allowing a period of 251 days from March 25, 2020, to November 30, 2020, as 'Exclusion' for completing the liquidation process.
The Corporate Insolvency Resolution Process (CIRP) for Acasia Tele Service Private Limited commenced on 20.03.2018. Mr. Sethurathnam Ravi was appointed as the Interim Resolution Professional and later as the liquidator. The Fourth Meeting of the Committee of Creditors (CoC) on 17.10.2018 recommended the initiation of the liquidation process. An order for liquidation was passed on 11.02.2019. The corporate debtor's assets include receivables and advances from various parties, some of whom are also undergoing liquidation. The liquidator is also in the process of realizing investments made by the corporate debtor in shares. The 8th Progress Report of the corporate debtor was filed on 14.01.2021. Due to the COVID-19 pandemic and the subsequent lockdown imposed from March
…Corporate Insolvency Resolution Process (CIRP)…
Fourth Meeting of the Committee of Creditors…