The case involves a final report filed by the Resolution Professional (RP) under CA No. 60/2018. The Committee of Creditors (COC) has resolved to proceed with liquidation. The ex-directors have not cooperated by providing title deeds of the properties belonging to the Corporate Debtor. The RP has taken steps to procure these from the NOIDA authority. The ex-directors have raised objections regarding the RP's consideration of various other bookings and shareholder claims as shown in the balance sheets.
The Resolution Professional filed a final report under CA No. 60/2018. The Committee of Creditors (COC) decided to proceed with liquidation after the 180-day period expired on February 19, 2018. The ex-directors of the Corporate Debtor did not cooperate by providing title deeds of the properties. The Resolution Professional took steps to procure the title deeds from the NOIDA authority. The ex-directors raised objections regarding the Resolution Professional's consideration of various other bookings and the claims of the shareholders as shown in the balance sheets. The court directed the Resolution Professional to ensure that every claim is entertained. The Resolution Professional appointed in this case is confirmed as the Liquidator.
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The case involves a final report filed by the Resolution Professional (RP) under CA No. 60/2018. The Committee of Creditors (COC) has resolved to proceed with liquidation. The ex-directors have not cooperated by providing title deeds of the properties belonging to the Corporate Debtor. The RP has taken steps to procure these from the NOIDA authority. The ex-directors have raised objections regarding the RP's consideration of various other bookings and shareholder claims as shown in the balance sheets.
The Resolution Professional filed a final report under CA No. 60/2018. The Committee of Creditors (COC) decided to proceed with liquidation after the 180-day period expired on February 19, 2018. The ex-directors of the Corporate Debtor did not cooperate by providing title deeds of the properties. The Resolution Professional took steps to procure the title deeds from the NOIDA authority. The ex-directors raised objections regarding the Resolution Professional's consideration of various other bookings and the claims of the shareholders as shown in the balance sheets. The court directed the Resolution Professional to ensure that every claim is entertained. The Resolution Professional appointed in this case is confirmed as the Liquidator.
The period of…
Hearing before the…
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