NCLAT Orders Liquidation After Rejection of Low-Value Resolution Plan

Invest Assets Securitization and Reconstruction Pvt Ltd Vs APF Estates Pvt Ltd (NCLT Hyderabad) The National Company Law Tribunal (NCLT), Hyderabad, issued an order for the liquidation of the Corporate Debtor (CD), M/S APF ESTATES PRIVATE LIMITED, following the failure of the Corporate Insolvency Resolution Process (CIRP). I. Initiation of CIRP and CoC Formation The CD was admitted into CIRP on August 28, 2024. The Resolution Professional (RP) made a public announcement on September 2, 2024, inviting claims. Only one claim was received, which was from the Financial Creditor, M/s Invest Assets ...