The case involves an application (MA-3316/2019) seeking an order under section 33 for the initiation of liquidation. The matter was discussed, and attention was drawn to the 3rd COC meeting held on 19.09.2019, where it was unanimously resolved that liquidation is the only option due to the absence of any Expression of Interest. Valuation for liquidation has been completed and will be placed on record by the RP. It was also resolved that the RP shall work as the liquidator.
ICICI Bank initiated a case against Anil Printers Ltd. under the Insolvency and Bankruptcy Code. An application (MA-3316/2019) was filed seeking an order for the initiation of liquidation under Section 33. During the 3rd COC meeting held on 2019-09-19, it was unanimously resolved that liquidation was the only option due to the absence of any Expression of Interest. The valuation for the purpose of liquidation had already been completed. The RP was designated to work as the liquidator. The Financial Creditors and COC members approved and resolved for the commencement of liquidation. Another application (MA-1972/2019) was filed for early hearing, which was disposed of. The liquidator is required to submit a progress report by 2019-12-09.
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The 3rd Committee of Creditors (COC) meeting…
Order sheet of the…
The case involves an application (MA-3316/2019) seeking an order under section 33 for the initiation of liquidation. The matter was discussed, and attention was drawn to the 3rd COC meeting held on 19.09.2019, where it was unanimously resolved that liquidation is the only option due to the absence of any Expression of Interest. Valuation for liquidation has been completed and will be placed on record by the RP. It was also resolved that the RP shall work as the liquidator.
ICICI Bank initiated a case against Anil Printers Ltd. under the Insolvency and Bankruptcy Code. An application (MA-3316/2019) was filed seeking an order for the initiation of liquidation under Section 33. During the 3rd COC meeting held on 2019-09-19, it was unanimously resolved that liquidation was the only option due to the absence of any Expression of Interest. The valuation for the purpose of liquidation had already been completed. The RP was designated to work as the liquidator. The Financial Creditors and COC members approved and resolved for the commencement of liquidation. Another application (MA-1972/2019) was filed for early hearing, which was disposed of. The liquidator is required to submit a progress report by 2019-12-09.
The 3rd Committee of Creditors (COC) meeting…
Order sheet of the…