The case involves an application for the dissolution of Ramdas Ispat & Metals Private Limited, the 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.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Ramdas Ispat & Metals Private Limited. Mr. Laxman Digambar Pawar was appointed as the Interim Resolution Professional (IRP) and later as the Liquidator. The Liquidator carried out various duties, including publishing liquidation announcements, filing Form INC-28, preparing asset memoranda, conducting e-auctions for the sale of assets (Land & Building), and disbursing the realized amounts to secured financial creditors, primarily Bank of Baroda. The total amount realized from the e-auction was Rs. 4,79,16,000. The Liquidator opened a liquidation account in Andhra Bank. After distribution, an application was made to close the liquidation bank account. The Liquidator prepared a compliance
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The Company Petition seeking Corporate…
The NCLT, Mumbai,…
The case involves an application for the dissolution of Ramdas Ispat & Metals Private Limited, the 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.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Ramdas Ispat & Metals Private Limited. Mr. Laxman Digambar Pawar was appointed as the Interim Resolution Professional (IRP) and later as the Liquidator. The Liquidator carried out various duties, including publishing liquidation announcements, filing Form INC-28, preparing asset memoranda, conducting e-auctions for the sale of assets (Land & Building), and disbursing the realized amounts to secured financial creditors, primarily Bank of Baroda. The total amount realized from the e-auction was Rs. 4,79,16,000. The Liquidator opened a liquidation account in Andhra Bank. After distribution, an application was made to close the liquidation bank account. The Liquidator prepared a compliance
…The Company Petition seeking Corporate…
The NCLT, Mumbai,…