The case involves an application under Section 33(1)(2) of the IB Code seeking the liquidation and dissolution of the corporate debtor. The Adjudicating Authority heard submissions from the Counsel for the Resolution Professional (RP). The RP submitted a consent form to act as liquidator, filed vide IA No. 2440/2021. The Adjudicating Authority approved the appointment of Mr. Sudhanshu Gupta as liquidator and directed the liquidator to take steps as per law and file a special progress report within 4 weeks.
M/s. Nivedan Fin-Invest Lease Ltd. filed a petition against M/s. Fusible Metals Pvt. Ltd. under Section 7 of the IBC, seeking liquidation and dissolution of the corporate debtor. The Resolution Professional (RP) submitted a consent form to act as liquidator. The Adjudicating Authority considered the submissions made by the Counsel for the RP and approved the appointment of Mr. Sudhanshu Gupta as liquidator. The liquidator is directed to take steps as per law and file a special progress report within 4 weeks. The application under Section 33(1)(2) of the IB Code was for initiating the liquidation process against the corporate debtor.
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The case involves an application under Section 33(1)(2) of the IB Code seeking the liquidation and dissolution of the corporate debtor. The Adjudicating Authority heard submissions from the Counsel for the Resolution Professional (RP). The RP submitted a consent form to act as liquidator, filed vide IA No. 2440/2021. The Adjudicating Authority approved the appointment of Mr. Sudhanshu Gupta as liquidator and directed the liquidator to take steps as per law and file a special progress report within 4 weeks.
M/s. Nivedan Fin-Invest Lease Ltd. filed a petition against M/s. Fusible Metals Pvt. Ltd. under Section 7 of the IBC, seeking liquidation and dissolution of the corporate debtor. The Resolution Professional (RP) submitted a consent form to act as liquidator. The Adjudicating Authority considered the submissions made by the Counsel for the RP and approved the appointment of Mr. Sudhanshu Gupta as liquidator. The liquidator is directed to take steps as per law and file a special progress report within 4 weeks. The application under Section 33(1)(2) of the IB Code was for initiating the liquidation process against the corporate debtor.
Order delivered on…
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