The case involves an application (MA 684/2020) filed by the Interim Resolution Professional (IRP) seeking a liquidation order for Ankur Iron (India) Pvt Ltd, the Corporate Debtor, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Company Petition was admitted on 10.1.2020, and Santanu T Ray was appointed as the IRP. Public announcement was made as per Regulation 6 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The IRP received claims from one financial creditor and two operational creditors. The CoC was constituted, but the suspended Board of Directors did not cooperate, and the directors/key managerial persons remained untraceable. The Corporate Debtor's registered office was sealed, and books of accounts were
…The Interim Resolution Professional (IRP), Santanu T Ray, filed an application (MA 684/2020) seeking a liquidation order for Ankur Iron (India) Pvt Ltd, the Corporate Debtor. The Company Petition was admitted on 2020-01-10. A public announcement was made, and the IRP received claims from one financial creditor amounting to Rs. 18,97,37,781.29 and two operational creditors amounting to Rs. 1,58,23,846.00. The suspended Board of Directors did not cooperate with the IRP, and the directors/key managerial persons remained untraceable. The Corporate Debtor's registered office was sealed, and books of accounts were unavailable. The CoC, consisting of a sole member, decided that liquidation was in the best interest of the Corporate Debtor because the accounts of the Corporate
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The Company Petition…
The Interim Resolution Professional (IRP) made…
The case involves an application (MA 684/2020) filed by the Interim Resolution Professional (IRP) seeking a liquidation order for Ankur Iron (India) Pvt Ltd, the Corporate Debtor, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Company Petition was admitted on 10.1.2020, and Santanu T Ray was appointed as the IRP. Public announcement was made as per Regulation 6 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The IRP received claims from one financial creditor and two operational creditors. The CoC was constituted, but the suspended Board of Directors did not cooperate, and the directors/key managerial persons remained untraceable. The Corporate Debtor's registered office was sealed, and books of accounts were
…The Interim Resolution Professional (IRP), Santanu T Ray, filed an application (MA 684/2020) seeking a liquidation order for Ankur Iron (India) Pvt Ltd, the Corporate Debtor. The Company Petition was admitted on 2020-01-10. A public announcement was made, and the IRP received claims from one financial creditor amounting to Rs. 18,97,37,781.29 and two operational creditors amounting to Rs. 1,58,23,846.00. The suspended Board of Directors did not cooperate with the IRP, and the directors/key managerial persons remained untraceable. The Corporate Debtor's registered office was sealed, and books of accounts were unavailable. The CoC, consisting of a sole member, decided that liquidation was in the best interest of the Corporate Debtor because the accounts of the Corporate
…The Company Petition…
The Interim Resolution Professional (IRP) made…