The case involves an application filed by the Liquidator of M/s. Jaydev Constructions Private Limited seeking an extension of the liquidation period. The liquidation process commenced following an order by the Tribunal on 08.01.2020. The Liquidator was appointed and made a public announcement on 16.01.2020. The Liquidator submitted a Preliminary Report, List of Stakeholders, and Assets Memorandum on 21.03.2020. The erstwhile directors of the corporate debtor did not cooperate in the CIRP and failed to hand over relevant financial documents, leading the Liquidator to file another application (MA/1133/2019). The Adjudicating Authority directed the directors to hand over the books of accounts and financial documents by its order dated 18.12.2020.
M/s. Jaydev Constructions Private Limited is undergoing liquidation. The liquidation process commenced following a Tribunal order on 08.01.2020. Mr. K. Muruganandan was appointed as the Liquidator and made a public announcement on 16.01.2020. The Liquidator submitted necessary reports on 21.03.2020. The erstwhile directors of the corporate debtor did not cooperate in the CIRP and failed to provide financial documents, leading to an application (MA/1133/2019) and a subsequent order on 18.12.2020 directing them to hand over the documents. The Liquidator sought an extension of the liquidation period, which was to end on 07.01.2021, for another year, excluding the lockdown period, citing the complexity in verifying the accounts. The IBBI introduced Regulation 47A to
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The case involves an application filed by the Liquidator of M/s. Jaydev Constructions Private Limited seeking an extension of the liquidation period. The liquidation process commenced following an order by the Tribunal on 08.01.2020. The Liquidator was appointed and made a public announcement on 16.01.2020. The Liquidator submitted a Preliminary Report, List of Stakeholders, and Assets Memorandum on 21.03.2020. The erstwhile directors of the corporate debtor did not cooperate in the CIRP and failed to hand over relevant financial documents, leading the Liquidator to file another application (MA/1133/2019). The Adjudicating Authority directed the directors to hand over the books of accounts and financial documents by its order dated 18.12.2020.
M/s. Jaydev Constructions Private Limited is undergoing liquidation. The liquidation process commenced following a Tribunal order on 08.01.2020. Mr. K. Muruganandan was appointed as the Liquidator and made a public announcement on 16.01.2020. The Liquidator submitted necessary reports on 21.03.2020. The erstwhile directors of the corporate debtor did not cooperate in the CIRP and failed to provide financial documents, leading to an application (MA/1133/2019) and a subsequent order on 18.12.2020 directing them to hand over the documents. The Liquidator sought an extension of the liquidation period, which was to end on 07.01.2021, for another year, excluding the lockdown period, citing the complexity in verifying the accounts. The IBBI introduced Regulation 47A to
…The liquidation process…
The Liquidator…