The case involves the liquidation of a Corporate Debtor, which was ordered by the Tribunal. The matter was then referred to the IBBI (Insolvency and Bankruptcy Board of India) to appoint a Liquidator. The present IRP (Interim Resolution Professional) expressed his inability to act as the Liquidator.
The Tribunal ordered the liquidation of a Corporate Debtor. The Interim Resolution Professional (IRP), Mr. Perumal Ulaganathan, expressed his inability to act as the Liquidator. Consequently, the matter was referred to the Insolvency and Bankruptcy Board of India (IBBI) for the nomination of a Liquidator. The IBBI recommended Mr. S.S. Ravichandran. The Tribunal then confirmed the appointment of Mr. S.S. Ravichandran as the Liquidator of the Corporate Debtor. This confirmation ensures the liquidation process can proceed with a designated Liquidator acting in accordance with the law.
Sign in to view the parties.
Hearing of the Chennai…
IBBI sent a corresponden…
The case involves the liquidation of a Corporate Debtor, which was ordered by the Tribunal. The matter was then referred to the IBBI (Insolvency and Bankruptcy Board of India) to appoint a Liquidator. The present IRP (Interim Resolution Professional) expressed his inability to act as the Liquidator.
The Tribunal ordered the liquidation of a Corporate Debtor. The Interim Resolution Professional (IRP), Mr. Perumal Ulaganathan, expressed his inability to act as the Liquidator. Consequently, the matter was referred to the Insolvency and Bankruptcy Board of India (IBBI) for the nomination of a Liquidator. The IBBI recommended Mr. S.S. Ravichandran. The Tribunal then confirmed the appointment of Mr. S.S. Ravichandran as the Liquidator of the Corporate Debtor. This confirmation ensures the liquidation process can proceed with a designated Liquidator acting in accordance with the law.
Hearing of the Chennai…
IBBI sent a corresponden…