The appeal arises from liquidation proceedings of Ess Dee Aluminium Limited. The appellant, the liquidator, is aggrieved by an order directing the refund of Earnest Money Deposit (EMD) to the respondent, Lucky Holdings Pvt. Ltd., who was a bidder in an e-auction for the sale of the corporate debtor as a going concern.
The Corporate Insolvency Resolution Process (CIRP) of Ess Dee Aluminium Ltd. commenced on 14.02.2020.
The appellant, as the Interim Resolution Professional, issued a public announcement on 19.02.2020 inviting claims from creditors.
The Committee of Creditors (CoC) confirmed the appellant as the Resolution Professional on 18.03.2020.
The appellant published Form-G on 03.07.2020, inviting Expressions of Interest (EOI).
The CoC resolved to liquidate the Corporate Debtor due to the failure of the resolution process.
The Adjudicating Authority ordered liquidation on 08.10.2021 and appointed the appellant as the Liquidator.
The Liquidator issued a sale notice on 13.03.2022 for a piecemeal sale of assets, which was later revised to a sale as a Going Concern.
…Sign in to view the parties.
Corporate Insolvency…
Appellant issued a…
The appeal arises from liquidation proceedings of Ess Dee Aluminium Limited. The appellant, the liquidator, is aggrieved by an order directing the refund of Earnest Money Deposit (EMD) to the respondent, Lucky Holdings Pvt. Ltd., who was a bidder in an e-auction for the sale of the corporate debtor as a going concern.
The Corporate Insolvency Resolution Process (CIRP) of Ess Dee Aluminium Ltd. commenced on 14.02.2020.
The appellant, as the Interim Resolution Professional, issued a public announcement on 19.02.2020 inviting claims from creditors.
The Committee of Creditors (CoC) confirmed the appellant as the Resolution Professional on 18.03.2020.
The appellant published Form-G on 03.07.2020, inviting Expressions of Interest (EOI).
The CoC resolved to liquidate the Corporate Debtor due to the failure of the resolution process.
The Adjudicating Authority ordered liquidation on 08.10.2021 and appointed the appellant as the Liquidator.
The Liquidator issued a sale notice on 13.03.2022 for a piecemeal sale of assets, which was later revised to a sale as a Going Concern.
…Corporate Insolvency…
Appellant issued a…