The Punjab National Bank initiated proceedings against Parerhat Gas Industries Ltd. The IBBI proposed Mr. Pawan K. Goel as a liquidator following a liquidation order passed under Section 33(2) of the I&B Code, 2016, on August 2, 2018. The erstwhile RP, represented by Sh. Anil Kumar, and the advocate for the Corporate Debtor Company, Sh. P.K. Bajpai, were present. The court heard the learned counsel for both parties and found no objection to the proposed appointment of Mr. Goel. This led to the court's decision to appoint Mr. Goel as the liquidator to take charge of the assets and follow up on actions related to the liquidation.

The Punjab National Bank initiated proceedings against Parerhat Gas Industries Ltd. The IBBI proposed Mr. Pawan K. Goel as a liquidator following a liquidation order passed under Section 33(2) of the I&B Code, 2016, on August 2, 2018. The erstwhile RP, represented by Sh. Anil Kumar, and the advocate for the Corporate Debtor Company, Sh. P.K. Bajpai, were present. The court heard the learned counsel for both parties and found no objection to the proposed appointment of Mr. Goel. This led to the court's decision to appoint Mr. Goel as the liquidator to take charge of the assets and follow up on actions related to the liquidation.