M/s. Rathna Stores Private Limited is undergoing liquidation. The initial liquidation period was expiring on 17.02.2020. Mr. V. Venkata Sivakumar is the Liquidator, appointed by the Adjudicating Authority on 11.09.2018. The Liquidator filed IA/186(CHE)/2021 seeking an extension of the liquidation period. There are no assets available for sale in the liquidation estate, and financial statements are unavailable. No returns were filed before RoC or Income Tax since 2013. The Liquidator has submitted financial transaction records to the Tribunal and IBBI. A petition for diversion of stock amounting to Rs.79 crore is pending before the Tribunal vide MA/217/2019 and MA/435/2019. The Stakeholders Consultation Committee decided to wait for the outcome of the Tribunal's order

M/s. Rathna Stores Private Limited is undergoing liquidation. The initial liquidation period was expiring on 17.02.2020. Mr. V. Venkata Sivakumar is the Liquidator, appointed by the Adjudicating Authority on 11.09.2018. The Liquidator filed IA/186(CHE)/2021 seeking an extension of the liquidation period. There are no assets available for sale in the liquidation estate, and financial statements are unavailable. No returns were filed before RoC or Income Tax since 2013. The Liquidator has submitted financial transaction records to the Tribunal and IBBI. A petition for diversion of stock amounting to Rs.79 crore is pending before the Tribunal vide MA/217/2019 and MA/435/2019. The Stakeholders Consultation Committee decided to wait for the outcome of the Tribunal's order