The case involves two Company Appeals preferred by the Appellant. Comp App (AT) (CH) (Ins) No.314/2020 challenges the order of 30.12.2019 passed by the National Company Law Tribunal, Bengaluru Bench, directing the Corporate Debtor to be put to liquidation. Comp App (AT) (CH) (Ins) No.329/2022 challenges the Impugned Order dated 24.06.2022 passed by the National Company Law Tribunal, Bengaluru Bench, regarding the auction of the Corporate Debtor's assets.
The Financial Creditor, Edelweiss Asset Reconstruction Company, initiated CIRP on 01.05.2018.
Mr. Vijaykumar Iyer was appointed as the Interim Resolution Professional (IRP).
Respondent No.1 was appointed as the Resolution Professional (RP) on 19.07.2018.
The Appellant's Resolution Plan was rejected by the CoC on 25.10.2018.
The Adjudicating Authority passed orders on 30.12.2019 ordering liquidation of the Corporate Debtor.
The assets of the Corporate Debtor have already been auctioned.
The Respondent Liquidator filed a memo on 27.07.2023, giving the current status report of the Liquidation and the particulars of the statement of disbursement of the liquidation proceeds.
Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Respondent No.1…
The case involves two Company Appeals preferred by the Appellant. Comp App (AT) (CH) (Ins) No.314/2020 challenges the order of 30.12.2019 passed by the National Company Law Tribunal, Bengaluru Bench, directing the Corporate Debtor to be put to liquidation. Comp App (AT) (CH) (Ins) No.329/2022 challenges the Impugned Order dated 24.06.2022 passed by the National Company Law Tribunal, Bengaluru Bench, regarding the auction of the Corporate Debtor's assets.
The Financial Creditor, Edelweiss Asset Reconstruction Company, initiated CIRP on 01.05.2018.
Mr. Vijaykumar Iyer was appointed as the Interim Resolution Professional (IRP).
Respondent No.1 was appointed as the Resolution Professional (RP) on 19.07.2018.
The Appellant's Resolution Plan was rejected by the CoC on 25.10.2018.
The Adjudicating Authority passed orders on 30.12.2019 ordering liquidation of the Corporate Debtor.
The assets of the Corporate Debtor have already been auctioned.
The Respondent Liquidator filed a memo on 27.07.2023, giving the current status report of the Liquidation and the particulars of the statement of disbursement of the liquidation proceeds.
Corporate Insolvency Resolution Process (CIRP)…
Respondent No.1…