The case involves an application by the liquidator of Conros Steels Private Limited, which is undergoing liquidation, seeking the lifting of a lien marked by the respondents (Grup Grampanchayat Tambati and The Tahsildar and Executive Magistrate) on the corporate debtor's properties. The Corporate Insolvency Resolution Process (CIRP) was initiated on 19.12.2017, and liquidation was ordered on 21.08.2018 after the failure of the resolution process. During liquidation, the liquidator sold the factory premises on 07.09.2020, issuing a sale certificate to the purchaser on 05.02.2021. Respondent No. 2 issued a notice on 01.12.2020, claiming property tax arrears of ₹72,37,002 for the period 2010-11 to 2019-20 and marked a lien on the property records, preventing the
…Conros Steels Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated on 19.12.2017. Due to the failure of the resolution process, the company was ordered into liquidation on 21.08.2018. Shantanu T. Ray was appointed as the liquidator. During liquidation, the liquidator sold the factory premises located at Survey Nos. 12, 26, 27, 28 & 29 of Village Vanavathe, Ajiwali Phata, Khopoli-Pen Road, Khalapur, Raigad – 410 203 on 07.09.2020, and a sale certificate was issued to Bharat Agarwal on 05.02.2021. The Grup Grampanchayat Tambati and The Tahsildar and Executive Magistrate, raised a claim of ₹72,37,002 towards property tax for the period 2010-11 to 2019-20 and marked a lien on the property records on 01.12.2020. This action prevented the
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Corporate Insolvency Resolution Process (CIRP)…
Liquidation of Conros Steels Private Limited…
The case involves an application by the liquidator of Conros Steels Private Limited, which is undergoing liquidation, seeking the lifting of a lien marked by the respondents (Grup Grampanchayat Tambati and The Tahsildar and Executive Magistrate) on the corporate debtor's properties. The Corporate Insolvency Resolution Process (CIRP) was initiated on 19.12.2017, and liquidation was ordered on 21.08.2018 after the failure of the resolution process. During liquidation, the liquidator sold the factory premises on 07.09.2020, issuing a sale certificate to the purchaser on 05.02.2021. Respondent No. 2 issued a notice on 01.12.2020, claiming property tax arrears of ₹72,37,002 for the period 2010-11 to 2019-20 and marked a lien on the property records, preventing the
…Conros Steels Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated on 19.12.2017. Due to the failure of the resolution process, the company was ordered into liquidation on 21.08.2018. Shantanu T. Ray was appointed as the liquidator. During liquidation, the liquidator sold the factory premises located at Survey Nos. 12, 26, 27, 28 & 29 of Village Vanavathe, Ajiwali Phata, Khopoli-Pen Road, Khalapur, Raigad – 410 203 on 07.09.2020, and a sale certificate was issued to Bharat Agarwal on 05.02.2021. The Grup Grampanchayat Tambati and The Tahsildar and Executive Magistrate, raised a claim of ₹72,37,002 towards property tax for the period 2010-11 to 2019-20 and marked a lien on the property records on 01.12.2020. This action prevented the
…Corporate Insolvency Resolution Process (CIRP)…
Liquidation of Conros Steels Private Limited…