M/s Agrifriend Ventures LLP, as the Applicant, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking various reliefs and concessions. This application followed its purchase of STL Exports Limited (the Corporate Debtor) as a going concern during liquidation. The liquidation process for STL Exports Limited commenced on August 11, 2023, with Mr. Anil Agrawal appointed as Liquidator, after an initial CIRP triggered by Rashnidhi Kumar & Bros. The sale to Agrifriend Ventures LLP occurred via a private sale after e-auctions failed, and a Sale Deed was executed on January 15, 2025.
M/s Agrifriend Ventures LLP filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking reliefs after purchasing STL Exports Limited as a going concern.
Rashnidhi Kumar & Bros. filed an application under Section 9 of the Code before the Ahmedabad Bench, registered as CP(IB) No. 426 of 2018.
CP(IB) No. 426 of 2018 was admitted on 07.07.2020, and Mr. Sajjan Kumar Dokania was appointed Interim Resolution Professional.
By order dated 11.08.2023, the Tribunal ordered liquidation of the Corporate Debtor and appointed Mr. Anil Agrawal as the Liquidator.
The Liquidator issued e-auction notices dated 08.06.2024, 07.08.2024, and 09.09.2024 for the sale of the Corporate Debtor as a going concern.
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CP(IB) No. 426 of 2018, filed by Rashnidhi…
The Tribunal ordered the liquidation of the…
M/s Agrifriend Ventures LLP, as the Applicant, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking various reliefs and concessions. This application followed its purchase of STL Exports Limited (the Corporate Debtor) as a going concern during liquidation. The liquidation process for STL Exports Limited commenced on August 11, 2023, with Mr. Anil Agrawal appointed as Liquidator, after an initial CIRP triggered by Rashnidhi Kumar & Bros. The sale to Agrifriend Ventures LLP occurred via a private sale after e-auctions failed, and a Sale Deed was executed on January 15, 2025.
M/s Agrifriend Ventures LLP filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking reliefs after purchasing STL Exports Limited as a going concern.
Rashnidhi Kumar & Bros. filed an application under Section 9 of the Code before the Ahmedabad Bench, registered as CP(IB) No. 426 of 2018.
CP(IB) No. 426 of 2018 was admitted on 07.07.2020, and Mr. Sajjan Kumar Dokania was appointed Interim Resolution Professional.
By order dated 11.08.2023, the Tribunal ordered liquidation of the Corporate Debtor and appointed Mr. Anil Agrawal as the Liquidator.
The Liquidator issued e-auction notices dated 08.06.2024, 07.08.2024, and 09.09.2024 for the sale of the Corporate Debtor as a going concern.
…CP(IB) No. 426 of 2018, filed by Rashnidhi…
The Tribunal ordered the liquidation of the…