The case involves an application (MA-1419/2019) by the Resolution Professional seeking an order under section 33 for the initiation of the liquidation process for Proline Infra-Trading Pvt. Ltd. The Resolution of the Committee of Creditors (CoC) dated 23.03.2019, approving the liquidation, was placed on record. The consent of the Liquidator, Mr. Ankur Kumar, was also placed on record.
The Resolution Professional filed an application (MA-1419/2019) under Section 33 seeking an order for the initiation of the liquidation process. The Committee of Creditors (CoC) had passed a resolution on 23.03.2019 approving the liquidation. The consent of Mr. Ankur Kumar, the Liquidator (Registration No. IBBI/IPA-002/IP-N00113/2017-18/10283), was also placed on record. There was no Expression of Interest received. The CoC decided to proceed with liquidation. The relevance of these facts is that they form the basis for the NCLT's decision to approve the liquidation process.
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The case involves an application (MA-1419/2019) by the Resolution Professional seeking an order under section 33 for the initiation of the liquidation process for Proline Infra-Trading Pvt. Ltd. The Resolution of the Committee of Creditors (CoC) dated 23.03.2019, approving the liquidation, was placed on record. The consent of the Liquidator, Mr. Ankur Kumar, was also placed on record.
The Resolution Professional filed an application (MA-1419/2019) under Section 33 seeking an order for the initiation of the liquidation process. The Committee of Creditors (CoC) had passed a resolution on 23.03.2019 approving the liquidation. The consent of Mr. Ankur Kumar, the Liquidator (Registration No. IBBI/IPA-002/IP-N00113/2017-18/10283), was also placed on record. There was no Expression of Interest received. The CoC decided to proceed with liquidation. The relevance of these facts is that they form the basis for the NCLT's decision to approve the liquidation process.
The Committee of Creditors passed a resolution…
Date of the order sheet of the hearing of…
Sign in to view related legal provisions.