The National Company Law Tribunal (NCLT), Mumbai Bench-I, has admitted a petition filed by Canara Bank to initiate the Corporate Insolvency Resolution Process (CIRP) against Syska E-Retails LLP. The order was delivered on 17 June 2025, by Member (Technical) Prabhat Kumar and Member (Judicial) Justice V.G. Bisht (Retd).
The NCLT has appointed Mr. Vijay Pitamber Lulla (Registration No: IBBI/IPA001/IP-P00323/2017-18/10593; email: [email protected]; Mobile: 9920279899) as the Interim Resolution Professional (IRP).
Canara Bank, the financial creditor, sought to invoke Section 7 of the Insolvency and Bankruptcy Code, 2016, citing a default in repayment of a total outstanding debt of Rs 10.70 crore. The stated date of…