NCLT Delhi Orders Liquidation of V.S. Matrix Pvt. Ltd. After CIRP Expiry

Peejay Finance Company Limited Vs V.S. Matrix Pvt. Ltd (NCLT Delhi) Background and Initiation of CIRP:M/s Peejay Finance Company Limited, a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) before the NCLT Delhi to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s V.S. Matrix Pvt. Ltd. The Adjudicating Authority admitted the application on 30.08.2019, declared a moratorium, and appointed Mr. Vineet Aggarwal as the Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (CoC) appointed him as ...