The case involves an application by the liquidator for the dissolution of the corporate debtor. The application is based on the final report filed by the liquidator, which indicates that the assets of the corporate debtor have been sold, and the proceeds have been distributed to the stakeholders as per Section 53 of the Insolvency and Bankruptcy Code (IBC).
Agarwal Marketing and Services (Energy) Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The liquidator moved an application for the dissolution of the corporate debtor. The liquidator's final report indicated that the assets of the corporate debtor were sold, and the proceeds were distributed to the stakeholders as stated under Section 53 of the Code. The court considered the application and the final report. The key fact is that the assets were sold and distributed according to the IBC, which forms the basis for the dissolution order.
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The case involves an application by the liquidator for the dissolution of the corporate debtor. The application is based on the final report filed by the liquidator, which indicates that the assets of the corporate debtor have been sold, and the proceeds have been distributed to the stakeholders as per Section 53 of the Insolvency and Bankruptcy Code (IBC).
Agarwal Marketing and Services (Energy) Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The liquidator moved an application for the dissolution of the corporate debtor. The liquidator's final report indicated that the assets of the corporate debtor were sold, and the proceeds were distributed to the stakeholders as stated under Section 53 of the Code. The court considered the application and the final report. The key fact is that the assets were sold and distributed according to the IBC, which forms the basis for the dissolution order.
Order delivered on the application moved by…
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