NCLT Mumbai orders liquidation of Deep Star Alloys and Steels Pvt Ltd under IBC 2016 after a failed Corporate Insolvency Resolution Process.
The CIRP yielded no resolution plans, and the Committee of Creditors failed to cooperate or approve an extension.
The corporate debtor had nil assets per its last audited balance sheet as of 31st March 2023.
Vikram Bhatnagar is appointed as the liquidator to manage the process as per IBC regulations.