The case involves an application (IA 545 of 2019) filed by the Liquidator of Asian Natural Resources (India) Limited in connection with the Corporate Insolvency Resolution Process (CIRP) initiated against the company. The CIRP was initiated by IDBI Bank under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the application on 2017-05-23. Subsequently, the Committee of Creditors (CoC) decided to liquidate the company, and the Adjudicating Authority admitted the liquidation application on 2018-02-09, appointing the applicant as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Asian Natural Resources (India) Limited by IDBI Bank, a financial creditor. The Adjudicating Authority admitted the application under Section 7 of the Insolvency and Bankruptcy Code (IBC) on 2017-05-23. The Committee of Creditors (CoC) decided to liquidate the company, and the Adjudicating Authority admitted the liquidation application on 2018-02-09, appointing Mr. Abhishek Nagori as the Liquidator. The Liquidator filed an application (IA 545 of 2019) seeking permission to continue pending legal proceedings and initiate fresh ones on behalf of the Corporate Debtor. The application was filed under section 33(5) read with 35(1)(k) of the Insolvency and Bankruptcy Code, 2016. Subsequent to the order
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Adjudicating Authority admitted the application…
Committee of Creditors…
The case involves an application (IA 545 of 2019) filed by the Liquidator of Asian Natural Resources (India) Limited in connection with the Corporate Insolvency Resolution Process (CIRP) initiated against the company. The CIRP was initiated by IDBI Bank under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the application on 2017-05-23. Subsequently, the Committee of Creditors (CoC) decided to liquidate the company, and the Adjudicating Authority admitted the liquidation application on 2018-02-09, appointing the applicant as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Asian Natural Resources (India) Limited by IDBI Bank, a financial creditor. The Adjudicating Authority admitted the application under Section 7 of the Insolvency and Bankruptcy Code (IBC) on 2017-05-23. The Committee of Creditors (CoC) decided to liquidate the company, and the Adjudicating Authority admitted the liquidation application on 2018-02-09, appointing Mr. Abhishek Nagori as the Liquidator. The Liquidator filed an application (IA 545 of 2019) seeking permission to continue pending legal proceedings and initiate fresh ones on behalf of the Corporate Debtor. The application was filed under section 33(5) read with 35(1)(k) of the Insolvency and Bankruptcy Code, 2016. Subsequent to the order
…Adjudicating Authority admitted the application…
Committee of Creditors…