The case pertains to an application filed by CA Bhavi Shreyans Shah, the Liquidator of Bansal Shipping Pvt. Ltd., seeking an order for the dissolution of the Corporate Debtor under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 14 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The CIRP proceedings of the Corporate Debtor were initiated on 08.12.2020, and CA Bhavi Shreyans Shah was appointed as the IRP. Subsequently, the CoC resolved to initiate the liquidation process on 06.04.2021. An order for liquidation was passed on 21.06.2021, and CA Bhavi Shreyans Shah was appointed as the Liquidator. The liquidator made a public announcement of liquidation on 24.06.2021. The liquidator submitted a
…The Corporate Debtor, Bansal Shipping Pvt. Ltd., underwent CIRP proceedings initiated on 08.12.2020. CA Bhavi Shreyans Shah was appointed as the IRP and later as the Liquidator. The CoC resolved to initiate the liquidation process on 06.04.2021, and a liquidation order was passed on 21.06.2021. The Liquidator made a public announcement of liquidation on 24.06.2021. The Liquidator submitted a preliminary report on 02.08.2020 and an asset memorandum on 02.08.2020. The first progress report was submitted on 12.07.2021, and the final report for dissolution was filed on 06.09.2021. The Liquidator received a claim from one Operational Creditor, Mr. Himanshu Pravinbhai Pandya, for Rs. 5,25,000. The CoC approved the estimated liquidation cost of Rs. 80,000 on 06.04.2021. The
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The case pertains to an application filed by CA Bhavi Shreyans Shah, the Liquidator of Bansal Shipping Pvt. Ltd., seeking an order for the dissolution of the Corporate Debtor under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 14 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The CIRP proceedings of the Corporate Debtor were initiated on 08.12.2020, and CA Bhavi Shreyans Shah was appointed as the IRP. Subsequently, the CoC resolved to initiate the liquidation process on 06.04.2021. An order for liquidation was passed on 21.06.2021, and CA Bhavi Shreyans Shah was appointed as the Liquidator. The liquidator made a public announcement of liquidation on 24.06.2021. The liquidator submitted a
…The Corporate Debtor, Bansal Shipping Pvt. Ltd., underwent CIRP proceedings initiated on 08.12.2020. CA Bhavi Shreyans Shah was appointed as the IRP and later as the Liquidator. The CoC resolved to initiate the liquidation process on 06.04.2021, and a liquidation order was passed on 21.06.2021. The Liquidator made a public announcement of liquidation on 24.06.2021. The Liquidator submitted a preliminary report on 02.08.2020 and an asset memorandum on 02.08.2020. The first progress report was submitted on 12.07.2021, and the final report for dissolution was filed on 06.09.2021. The Liquidator received a claim from one Operational Creditor, Mr. Himanshu Pravinbhai Pandya, for Rs. 5,25,000. The CoC approved the estimated liquidation cost of Rs. 80,000 on 06.04.2021. The
…CIRP proceeding…
The CoC resolved to…
Sign in to view related legal provisions.