The application was filed for the liquidation of the Corporate Debtor Company following a resolution by the Committee of Creditors (CoC). The CoC had resolved for liquidation due to the company being shut down with no business operations, no revenue, and no employees for four years, and the directors' whereabouts being unknown.
IA 1202 of 2020 was filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor, Sanjay Insecticides Pvt Ltd. This application followed a resolution passed by the Committee of Creditors (CoC) on February 27, 2020, which decided to liquidate the company. The Resolution Professional (RP) was present during the hearing, and Mr. Naresh Trivedi, CS, represented the Financial Creditor, State Bank of India (SBI). The CoC resolution of February 27, 2020, stated that Sanjay Insecticides Private Limited had completely ceased operations for four years, with no business, revenue, or employees. The directors, Mr. Rajendra Ghanshamdas Mandhane and Mr. Pradeep Ghanshamdas Mandhane, were untraceable, having left their
…Sign in to view the parties.
The Committee of Creditors passed a resolution…
The CoC communicated the name of Mr. Rakesh…
The application was filed for the liquidation of the Corporate Debtor Company following a resolution by the Committee of Creditors (CoC). The CoC had resolved for liquidation due to the company being shut down with no business operations, no revenue, and no employees for four years, and the directors' whereabouts being unknown.
IA 1202 of 2020 was filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor, Sanjay Insecticides Pvt Ltd. This application followed a resolution passed by the Committee of Creditors (CoC) on February 27, 2020, which decided to liquidate the company. The Resolution Professional (RP) was present during the hearing, and Mr. Naresh Trivedi, CS, represented the Financial Creditor, State Bank of India (SBI). The CoC resolution of February 27, 2020, stated that Sanjay Insecticides Private Limited had completely ceased operations for four years, with no business, revenue, or employees. The directors, Mr. Rajendra Ghanshamdas Mandhane and Mr. Pradeep Ghanshamdas Mandhane, were untraceable, having left their
…The Committee of Creditors passed a resolution…
The CoC communicated the name of Mr. Rakesh…