Application u/s. 33(2) of IBC for liquidation of Win Trendz Exim Pvt. Ltd. allowed

Reliance Capital Limited Vs Win Trendz Exim Private Limited (NCLT Mumbai)

NCLT Mumbai held that application under section 33(2) of the Insolvency and Bankruptcy Code by Reliance Capital Ltd. for liquidation of Corporate Debtor [Win Trendz Exim Private Limited] allowed as approved by majority of 78.8% of CoC.

Facts- The Company Petition was filed by the Financial Creditor i.e. Reliance Capital Limited as per Section 7 of the Code to initiate Corporate Insolvency Resolution Process (“CIRP”) against the Corporate Debtor i.e., M/s. Win and Trendz Exi

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