The application was filed by Mr. Naresh Kumar Sood, the Applicant/Liquidator, seeking direction/order for extension of the liquidation process of the Corporate Debtor, M/s. Biotropics Pharma Private Limited. The Applicant/Liquidator stated that they had disposed of all assets/liquidation estate of the corporate debtor within twelve months from the commencement of liquidation and realized the sale proceeds, which are to be distributed to stakeholders as per Section 53 of the Code. The Liquidator sought a six-month extension to fulfill legal requirements.
M/s. Baddi Foils Private Limited is the Financial Creditor. M/s. Biotropics Pharma Private Limited is the Corporate Debtor. Mr. Naresh Kumar Sood is the Applicant/Liquidator. The Applicant/Liquidator filed an application seeking an extension of the liquidation process for the Corporate Debtor. The Applicant/Liquidator stated that all assets/liquidation estate of the Corporate Debtor had been disposed of within twelve months from the commencement of liquidation, and the sale proceeds were realized. The distribution of the sale proceeds to the stakeholders is to be done as per Section 53 of the Code. The Liquidator sought a further six-month extension to fulfill its legal requirement of the assignment. The final fulfillment of the legal requirement of the assignment is
…Sign in to view the parties.
Company Petition No.…
Order delivered on…
The application was filed by Mr. Naresh Kumar Sood, the Applicant/Liquidator, seeking direction/order for extension of the liquidation process of the Corporate Debtor, M/s. Biotropics Pharma Private Limited. The Applicant/Liquidator stated that they had disposed of all assets/liquidation estate of the corporate debtor within twelve months from the commencement of liquidation and realized the sale proceeds, which are to be distributed to stakeholders as per Section 53 of the Code. The Liquidator sought a six-month extension to fulfill legal requirements.
M/s. Baddi Foils Private Limited is the Financial Creditor. M/s. Biotropics Pharma Private Limited is the Corporate Debtor. Mr. Naresh Kumar Sood is the Applicant/Liquidator. The Applicant/Liquidator filed an application seeking an extension of the liquidation process for the Corporate Debtor. The Applicant/Liquidator stated that all assets/liquidation estate of the Corporate Debtor had been disposed of within twelve months from the commencement of liquidation, and the sale proceeds were realized. The distribution of the sale proceeds to the stakeholders is to be done as per Section 53 of the Code. The Liquidator sought a further six-month extension to fulfill its legal requirement of the assignment. The final fulfillment of the legal requirement of the assignment is
…Company Petition No.…
Order delivered on…