ABRJ Foods Pvt Ltd filed a writ petition in the High Court of Delhi against Supriyo Kumar Chaudhuri, the liquidator of JVL Agro Industries Limited, and others. The petitioner sought a writ of mandamus directing the liquidator to revise/extend the timelines for the e-auction sale of Old Edible Oil Stock of JVL Agro Industries Ltd (under Liquidation), scheduled on 2021-06-24. The petitioner also sought guidelines/regulations for liquidators under Section 196(1) of the IBC to regulate the sale of assets during liquidation.
ABRJ Foods Pvt Ltd. filed a writ petition against Supriyo Kumar Chaudhuri, the liquidator of JVL Agro Industries Limited, and others. The petitioner sought a writ of mandamus to revise or extend the timelines for an e-auction sale of old edible oil stock of JVL Agro Industries Ltd, which was scheduled for June 24, 2021. The petitioner, a potential buyer operating in Uttar Pradesh and Delhi, argued that the timelines were too restrictive to allow effective participation. The stock was located in Haldia, West Bengal, and the petitioner claimed insufficient time was provided for inspection. The liquidator's counsel argued that the Allahabad court had jurisdiction and that adequate guidelines existed under the IBBI (Liquidation Process) Regulations, 2016. The E-Auction
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ABRJ Foods Pvt Ltd filed a writ petition in the High Court of Delhi against Supriyo Kumar Chaudhuri, the liquidator of JVL Agro Industries Limited, and others. The petitioner sought a writ of mandamus directing the liquidator to revise/extend the timelines for the e-auction sale of Old Edible Oil Stock of JVL Agro Industries Ltd (under Liquidation), scheduled on 2021-06-24. The petitioner also sought guidelines/regulations for liquidators under Section 196(1) of the IBC to regulate the sale of assets during liquidation.
ABRJ Foods Pvt Ltd. filed a writ petition against Supriyo Kumar Chaudhuri, the liquidator of JVL Agro Industries Limited, and others. The petitioner sought a writ of mandamus to revise or extend the timelines for an e-auction sale of old edible oil stock of JVL Agro Industries Ltd, which was scheduled for June 24, 2021. The petitioner, a potential buyer operating in Uttar Pradesh and Delhi, argued that the timelines were too restrictive to allow effective participation. The stock was located in Haldia, West Bengal, and the petitioner claimed insufficient time was provided for inspection. The liquidator's counsel argued that the Allahabad court had jurisdiction and that adequate guidelines existed under the IBBI (Liquidation Process) Regulations, 2016. The E-Auction
…Public announcement of E-Auction by inviting…
The original date scheduled for the e-auction…