The case involves H P Ore Processors Pvt. Ltd. and concerns an application under Section 33 of the I&B Code for liquidation. The CoC unanimously resolved to proceed with liquidation due to the absence of a Resolution Applicant. The RP moved an application seeking an order under Section 33 for liquidation, which was approved by the CoC.
The key facts are as follows: H P Ore Processors Pvt. Ltd. is undergoing insolvency proceedings under the I&B Code 2016. A CoC meeting was held on 2018-05-15, where it was unanimously resolved to proceed with liquidation because there was no Resolution Applicant. The RP moved an application seeking an order under Section 33 of the I&B Code for liquidation. The CoC approved the application. The court considered the application and the CoC's resolution. The proposal to appoint the RP as Liquidator was accepted. The matter was adjourned to 2018-06-26. These facts are relevant because they establish the basis for the court's decision to allow the liquidation process to proceed.
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The case involves H P Ore Processors Pvt. Ltd. and concerns an application under Section 33 of the I&B Code for liquidation. The CoC unanimously resolved to proceed with liquidation due to the absence of a Resolution Applicant. The RP moved an application seeking an order under Section 33 for liquidation, which was approved by the CoC.
The key facts are as follows: H P Ore Processors Pvt. Ltd. is undergoing insolvency proceedings under the I&B Code 2016. A CoC meeting was held on 2018-05-15, where it was unanimously resolved to proceed with liquidation because there was no Resolution Applicant. The RP moved an application seeking an order under Section 33 of the I&B Code for liquidation. The CoC approved the application. The court considered the application and the CoC's resolution. The proposal to appoint the RP as Liquidator was accepted. The matter was adjourned to 2018-06-26. These facts are relevant because they establish the basis for the court's decision to allow the liquidation process to proceed.
The CoC meeting was held, and it was…
Order sheet of the…
Sign in to view related legal provisions.