The case involves an application by the Liquidator seeking dissolution of the Corporate Debtor, RSAL Steel Pvt Ltd, under Section 54 of the Insolvency and Bankruptcy Code (IBC), 2016, and discharge of the Liquidator. The liquidation process was initiated following an order passed on 20.3.2018. A public announcement was made on 29.6.2018, after which claims were received from creditors. The Liquidator submitted progress reports and a final report detailing the liquidation process and asset liquidation.
The Corporate Debtor, RSAL Steel Pvt Ltd, underwent a liquidation process initiated by an order on 2018-03-20. A liquidator was appointed to oversee the process. A public announcement regarding the liquidation was made on 2018-06-29, leading to the receipt of claims from various creditors. The liquidator determined the realizable value of the Corporate Debtor's assets to be Rs. 15,263, which was the amount in the bank account. Progress reports were submitted to the NCLT. The liquidator then filed an application seeking the dissolution of the Corporate Debtor under Section 54 of the IBC, as no other assets remained. The creditors included RSAL Steels Pvt Ltd, Ruchi Agri Fresh Pvt Ltd, Ruchi Global Ltd, Vibhuti Enterprises, Ruchi Acroni Industries Ltd, Agroweb Online Pvt
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The Bench passed an order for the liquidation…
The liquidator issued a Public Announcement…
The case involves an application by the Liquidator seeking dissolution of the Corporate Debtor, RSAL Steel Pvt Ltd, under Section 54 of the Insolvency and Bankruptcy Code (IBC), 2016, and discharge of the Liquidator. The liquidation process was initiated following an order passed on 20.3.2018. A public announcement was made on 29.6.2018, after which claims were received from creditors. The Liquidator submitted progress reports and a final report detailing the liquidation process and asset liquidation.
The Corporate Debtor, RSAL Steel Pvt Ltd, underwent a liquidation process initiated by an order on 2018-03-20. A liquidator was appointed to oversee the process. A public announcement regarding the liquidation was made on 2018-06-29, leading to the receipt of claims from various creditors. The liquidator determined the realizable value of the Corporate Debtor's assets to be Rs. 15,263, which was the amount in the bank account. Progress reports were submitted to the NCLT. The liquidator then filed an application seeking the dissolution of the Corporate Debtor under Section 54 of the IBC, as no other assets remained. The creditors included RSAL Steels Pvt Ltd, Ruchi Agri Fresh Pvt Ltd, Ruchi Global Ltd, Vibhuti Enterprises, Ruchi Acroni Industries Ltd, Agroweb Online Pvt
…The Bench passed an order for the liquidation…
The liquidator issued a Public Announcement…