The case involves an application (MA-3290/2019) preferred by the Resolution Professional for the liquidation of Aakash Tiles Private Limited, the Corporate Debtor. The Committee of Creditors (COC) approved the liquidation in a meeting held on September 23, 2019, and appointed Mr. Gaurav Ashok Adukia, the current Resolution Professional, as the liquidator. Another application (MA-1508/2019) was filed by the Resolution Professional relating to non-cooperation of the erstwhile Directors of the Corporate Debtor company, but it was disposed of as infructuous.
Edelweiss Asset Reconstruction Co. Ltd filed a case against Aakash Tiles Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code. The Resolution Professional preferred MA-3290/2019 for the liquidation of Aakash Tiles Private Limited. The COC approved the liquidation in its meeting on September 23, 2019, and appointed Mr. Gaurav Ashok Adukia as the liquidator. The liquidator's fee was prescribed by the COC, with different rates for value realized within and after six months from the liquidation commencement date. MA-1508/2019, related to non-cooperation of the erstwhile Directors, was disposed of as infructuous. The liquidator is required to file a progress report.
Sign in to view the parties.
The Committee of Creditors (COC) decided to…
The Mumbai Bench of the National Company Law…
The case involves an application (MA-3290/2019) preferred by the Resolution Professional for the liquidation of Aakash Tiles Private Limited, the Corporate Debtor. The Committee of Creditors (COC) approved the liquidation in a meeting held on September 23, 2019, and appointed Mr. Gaurav Ashok Adukia, the current Resolution Professional, as the liquidator. Another application (MA-1508/2019) was filed by the Resolution Professional relating to non-cooperation of the erstwhile Directors of the Corporate Debtor company, but it was disposed of as infructuous.
Edelweiss Asset Reconstruction Co. Ltd filed a case against Aakash Tiles Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code. The Resolution Professional preferred MA-3290/2019 for the liquidation of Aakash Tiles Private Limited. The COC approved the liquidation in its meeting on September 23, 2019, and appointed Mr. Gaurav Ashok Adukia as the liquidator. The liquidator's fee was prescribed by the COC, with different rates for value realized within and after six months from the liquidation commencement date. MA-1508/2019, related to non-cooperation of the erstwhile Directors, was disposed of as infructuous. The liquidator is required to file a progress report.
The Committee of Creditors (COC) decided to…
The Mumbai Bench of the National Company Law…