The case concerns a Company Application filed by the Liquidator of Shree Ganesh EPC Private Limited (the Corporate Debtor) under sections 230 to 232 of the Companies Act, 2013, read with provisions of the Insolvency and Bankruptcy Code, 2016, the IBBI (Liquidation Process) Regulations, 2016, and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, along with Rule 11 of NCLT Rules, 2016. The application seeks approval for a Scheme of Arrangement proposed by Mr. N. Azhagappan, Rajalakshmi Wind Energy Limited (RWEL), Mr. S. Ramanathan, and Mr. M. Karunanithi, who are referred to as the 'Scheme Proponents'. The Corporate Insolvency Resolution Process (CIRP) for the Corporate Debtor was initiated on September 6, 2019, and subsequently, liquidation was ordered on January 17, 2022. The Liquidator was appointed in IA/1335/2020.
…The Corporate Insolvency Resolution Process (CIRP) for Shree Ganesh EPC Private Limited, the Corporate Debtor, was initiated on September 6, 2019. Subsequently, a liquidation order was passed on January 17, 2022, in IA/1335/2020, and Mr. S. Rajendran was appointed as the Liquidator. The Liquidator then filed a Company Application, CA/(CAA)/59CHE)/2022, under sections 230 to 232 of the Companies Act, 2013, seeking approval for a Scheme of Arrangement.
…Corporate Insolvency Resolution Process (CIRP)…
Liquidation was ordered in IA/1335/2020,…
The case concerns a Company Application filed by the Liquidator of Shree Ganesh EPC Private Limited (the Corporate Debtor) under sections 230 to 232 of the Companies Act, 2013, read with provisions of the Insolvency and Bankruptcy Code, 2016, the IBBI (Liquidation Process) Regulations, 2016, and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, along with Rule 11 of NCLT Rules, 2016. The application seeks approval for a Scheme of Arrangement proposed by Mr. N. Azhagappan, Rajalakshmi Wind Energy Limited (RWEL), Mr. S. Ramanathan, and Mr. M. Karunanithi, who are referred to as the 'Scheme Proponents'. The Corporate Insolvency Resolution Process (CIRP) for the Corporate Debtor was initiated on September 6, 2019, and subsequently, liquidation was ordered on January 17, 2022. The Liquidator was appointed in IA/1335/2020.
…The Corporate Insolvency Resolution Process (CIRP) for Shree Ganesh EPC Private Limited, the Corporate Debtor, was initiated on September 6, 2019. Subsequently, a liquidation order was passed on January 17, 2022, in IA/1335/2020, and Mr. S. Rajendran was appointed as the Liquidator. The Liquidator then filed a Company Application, CA/(CAA)/59CHE)/2022, under sections 230 to 232 of the Companies Act, 2013, seeking approval for a Scheme of Arrangement.
…Corporate Insolvency Resolution Process (CIRP)…
Liquidation was ordered in IA/1335/2020,…