The case involves an application for seeking an order under section 33 for the initiation of liquidation. The Committee of Creditors (COC) held a meeting 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 Resolution Professional (RP). The RP will also work as the liquidator.
ICICI Bank filed a case against Anil Printers Ltd. An application (MA-3316/2019) was made for seeking an order under Section 33 for the initiation of liquidation. The COC met on 19.09.2019 and unanimously resolved that liquidation was the only option due to the absence of any Expression of Interest. The valuation for liquidation has already been completed. The RP will work as the liquidator. The Financial Creditors and COC members approved and resolved for the commencement of liquidation. MA-1972/2019 was an application for early hearing. The liquidator must inform the progress report of the liquidation by 09.12.2019.
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The 3rd COC meeting was held, and it was…
Order sheet of the…
The case involves an application for seeking an order under section 33 for the initiation of liquidation. The Committee of Creditors (COC) held a meeting 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 Resolution Professional (RP). The RP will also work as the liquidator.
ICICI Bank filed a case against Anil Printers Ltd. An application (MA-3316/2019) was made for seeking an order under Section 33 for the initiation of liquidation. The COC met on 19.09.2019 and unanimously resolved that liquidation was the only option due to the absence of any Expression of Interest. The valuation for liquidation has already been completed. The RP will work as the liquidator. The Financial Creditors and COC members approved and resolved for the commencement of liquidation. MA-1972/2019 was an application for early hearing. The liquidator must inform the progress report of the liquidation by 09.12.2019.
The 3rd COC meeting was held, and it was…
Order sheet of the…