The application was filed by the Resolution Professional for the Liquidation of the Corporate Debtor under Section 33 (1) (a) & 34 of the Code. The Corporate Debtor came under CIRP by an order of the Bench on 28/09/2019. The CIRP of the Corporate Debtor was duly carried out, but no Expression of Interest (EoI) has been received. The CoC in its meeting held on 23/10/2019 passed the Resolution for the liquidation of the Corporate Debtor. Mr. Ashish Vyas has given his consent in Form - 2 attached with the Application.
The Resolution Professional filed an application for the liquidation of Janta Glass Limited, the Corporate Debtor, under Section 33(1)(a) and 34 of the Insolvency and Bankruptcy Code (IBC). Janta Glass Limited had previously undergone the Corporate Insolvency Resolution Process (CIRP) following an order on 2019-09-28. Despite the CIRP, no Expression of Interest (EoI) was received. Consequently, the Committee of Creditors (CoC) resolved on 2019-10-23 to liquidate the Corporate Debtor. Ashish Vyas consented to act as the liquidator. The court found the application in accordance with the relevant sections of the IBC and ordered the liquidation of Janta Glass Limited. The moratorium under Section 14 of the IBC was lifted, and Ashish Vyas was appointed as the liquidator.
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The Corporate Debtor…
The CoC passed the…
The application was filed by the Resolution Professional for the Liquidation of the Corporate Debtor under Section 33 (1) (a) & 34 of the Code. The Corporate Debtor came under CIRP by an order of the Bench on 28/09/2019. The CIRP of the Corporate Debtor was duly carried out, but no Expression of Interest (EoI) has been received. The CoC in its meeting held on 23/10/2019 passed the Resolution for the liquidation of the Corporate Debtor. Mr. Ashish Vyas has given his consent in Form - 2 attached with the Application.
The Resolution Professional filed an application for the liquidation of Janta Glass Limited, the Corporate Debtor, under Section 33(1)(a) and 34 of the Insolvency and Bankruptcy Code (IBC). Janta Glass Limited had previously undergone the Corporate Insolvency Resolution Process (CIRP) following an order on 2019-09-28. Despite the CIRP, no Expression of Interest (EoI) was received. Consequently, the Committee of Creditors (CoC) resolved on 2019-10-23 to liquidate the Corporate Debtor. Ashish Vyas consented to act as the liquidator. The court found the application in accordance with the relevant sections of the IBC and ordered the liquidation of Janta Glass Limited. The moratorium under Section 14 of the IBC was lifted, and Ashish Vyas was appointed as the liquidator.
The Corporate Debtor…
The CoC passed the…