9911796707
TMI Blog2019 (11) TMI 442X X X X Extracts X X X X X X X X Extracts X X X X ..... e application for initiation of liquidation before this Adjudicating Authority, as the, EOI received from M/s. Freight Connection India Pvt. Ltd., Mumbai to purchase the said asset for an amount of ₹ 17.51 lakhs could not materialize and no realisations made therefrom. It is further stated that there are three major disputed receivables for which litigation is going on. However, in the opini ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ms and conditions approved by the COC in its meeting held on 20.06.2018. The Liquidator shall send an intimation to the Registrar of Companies with which the Corporate Debtor is registered - application disposed off. - IA No. 172 of 2019 in C.P. (IB) No. 137/NCLT/AHM/2017 - - - Dated:- 4-6-2019 - MS. MANORAMA KUMARI, MEMBER (J) For The Applicant : CA Sachin Joshi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... V. To direct the Personnel of the Corporate Debtor to extend all assistance and co-operation to the Liquidator as may be required in liquidating the affairs of the Corporate Debtor in discharging his function as specified under section 35 of the IBC. 2). This Authority, vide order dated 22.12.2017 on the basis of petition filed by Shri Sunil Sunderlal Luhar, Director of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e three major disputed receivables for which litigation is going on. However, in the opinion of Senior Counsels representing the Corporate Debtor, the outcome of all the three litigations are uncertain and may take longer time. Thus, in the above scenario revival of the Corporate Debtor is not in sight at present. 4). It is therefore stated that the CoC also resolved that RP CA Vino ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Adjudicating Authority hereby appoints the Resolution Professional as Liquidator under Section 34(1) of the IBC on terms and conditions approved by the COC in its meeting held on 20.06.2018. The Liquidator shall send an intimation to the Registrar of Companies with which the Corporate Debtor is registered. 7). The Liquidator shall act as per Section 35 of the Insolvency and Bank ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
