The case involves an application for the dissolution of Ramdas Ispat & Metals Private Limited, a Corporate Debtor, under Section 54(1) of the Insolvency and Bankruptcy Code (IBC), 2016, and Regulation 45(3) of the IBBI (Liquidation Process) Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Laxman Digambar Pawar was appointed as the Interim Resolution Professional (IRP). Subsequently, he was appointed as the Liquidator after the Committee of Creditors (CoC) directed the Resolution Professional to file an application under sections 33(2) and 34(1) of the Code. The liquidation process commenced on 22.10.2018.
The case pertains to the liquidation of Ramdas Ispat & Metals Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated, leading to the appointment of Mr. Laxman Digambar Pawar as the Interim Resolution Professional (IRP) and subsequently as the Liquidator. The Committee of Creditors (CoC) directed the filing of an application under sections 33(2) and 34(1) of the IBC. The Liquidator performed various duties, including publishing liquidation announcements, filing Form INC-28, preparing asset memorandums, conducting e-auctions, and disbursing funds to secured creditors, primarily Bank of Baroda. The liquidation account was opened in Andhra Bank and later closed. The total amount realized from the e-auction of assets was Rs. 479.16 Lakhs. The
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The Tribunal admitted the Company Petition…
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The case involves an application for the dissolution of Ramdas Ispat & Metals Private Limited, a Corporate Debtor, under Section 54(1) of the Insolvency and Bankruptcy Code (IBC), 2016, and Regulation 45(3) of the IBBI (Liquidation Process) Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Laxman Digambar Pawar was appointed as the Interim Resolution Professional (IRP). Subsequently, he was appointed as the Liquidator after the Committee of Creditors (CoC) directed the Resolution Professional to file an application under sections 33(2) and 34(1) of the Code. The liquidation process commenced on 22.10.2018.
The case pertains to the liquidation of Ramdas Ispat & Metals Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated, leading to the appointment of Mr. Laxman Digambar Pawar as the Interim Resolution Professional (IRP) and subsequently as the Liquidator. The Committee of Creditors (CoC) directed the filing of an application under sections 33(2) and 34(1) of the IBC. The Liquidator performed various duties, including publishing liquidation announcements, filing Form INC-28, preparing asset memorandums, conducting e-auctions, and disbursing funds to secured creditors, primarily Bank of Baroda. The liquidation account was opened in Andhra Bank and later closed. The total amount realized from the e-auction of assets was Rs. 479.16 Lakhs. The
…The Tribunal admitted the Company Petition…
The NCLT, Mumbai,…
Sign in to view related legal provisions.