IA 1221/2020 was filed seeking directions for liquidating the assets of the Corporate Debtor. The application notes the resolution passed by the COC, approved by 72.04% of the voting share, resolving to liquidate the Corporate Debtor's assets. The resolution plan was previously rejected, and the Bench directed liquidation in an order dated January 3, 2020.
Gozoop Online Pvt. Ltd. is involved in a case before the NCLT, New Delhi Bench. An application, IA 1221/2020, was filed seeking directions for liquidating the assets of the Corporate Debtor. The COC passed a resolution, approved by 72.04% of the voting share, to liquidate the Corporate Debtor's assets. A previous resolution plan was rejected, and the Bench had directed liquidation in an order dated January 3, 2020. The RP consented to continue as the Liquidator. CA 571/2018 was disposed of, allowing the prayer of the RP for setting aside the claim of the related party/non-applicant no. 4 as being preferential and fraudulent. Mr. Hari Babu was appointed as the Liquidator.
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IA 1221/2020 was filed seeking directions for liquidating the assets of the Corporate Debtor. The application notes the resolution passed by the COC, approved by 72.04% of the voting share, resolving to liquidate the Corporate Debtor's assets. The resolution plan was previously rejected, and the Bench directed liquidation in an order dated January 3, 2020.
Gozoop Online Pvt. Ltd. is involved in a case before the NCLT, New Delhi Bench. An application, IA 1221/2020, was filed seeking directions for liquidating the assets of the Corporate Debtor. The COC passed a resolution, approved by 72.04% of the voting share, to liquidate the Corporate Debtor's assets. A previous resolution plan was rejected, and the Bench had directed liquidation in an order dated January 3, 2020. The RP consented to continue as the Liquidator. CA 571/2018 was disposed of, allowing the prayer of the RP for setting aside the claim of the related party/non-applicant no. 4 as being preferential and fraudulent. Mr. Hari Babu was appointed as the Liquidator.
The Bench issued…
Hearing before the New…