The case involves an application (IA/1517(AHM)2024) for withdrawal of an application and another application (IA/126(AHM)2026) seeking the replacement of the liquidator.
Renish Petrochem FZF filed an application.
Ardor Global Pvt Ltd is the respondent.
IA/1517(AHM)2024 was filed, seeking permission to withdraw the application as the matter was settled.
IA/126(AHM)2026 was filed, seeking to replace the liquidator, Mr. Chandra Prakash Jain, due to his resignation.
The COC approved the appointment of Mr. Vikmash Gautamchand Jain as the new liquidator with 73.21% majority.
Mr. Vikash Gautamchand Jain has only 3 assignments and the CD has been under liquidation since 26.08.2019.
The court directed the SCC to pay the appropriate fees as per IBBI guidelines and complete all pending litigations.
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Order delivered on 13/02/2026 regarding…
SCC meeting dated…
The case involves an application (IA/1517(AHM)2024) for withdrawal of an application and another application (IA/126(AHM)2026) seeking the replacement of the liquidator.
Renish Petrochem FZF filed an application.
Ardor Global Pvt Ltd is the respondent.
IA/1517(AHM)2024 was filed, seeking permission to withdraw the application as the matter was settled.
IA/126(AHM)2026 was filed, seeking to replace the liquidator, Mr. Chandra Prakash Jain, due to his resignation.
The COC approved the appointment of Mr. Vikmash Gautamchand Jain as the new liquidator with 73.21% majority.
Mr. Vikash Gautamchand Jain has only 3 assignments and the CD has been under liquidation since 26.08.2019.
The court directed the SCC to pay the appropriate fees as per IBBI guidelines and complete all pending litigations.
Order delivered on 13/02/2026 regarding…
SCC meeting dated…