The case pertains to CA No. 584/2019 filed in CP (IB) No. 50/Chd/Hry/2017 by the applicant/liquidator, Amit Sharma, regarding M/s. Tirupati Ceramics Ltd. The main Company Petition bearing CP (IB) No. 50/Chd/Hry/2017 was filed by Sahara Fincon Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the petition on 29.09.2017, initiating the Corporate Insolvency Resolution Process (CIRP) and declaring a moratorium. Amit Sharma was appointed as the Interim Resolution Professional (IRP) on 11.10.2017 and later confirmed as the Resolution Professional (RP). Subsequently, on 22.03.2018, he was appointed as the Liquidator.
Sahara Fincon Pvt. Ltd. initiated Corporate Insolvency Resolution Process (CIRP) against Tirupati Ceramics Ltd. under Section 7 of the IBC, which was admitted on 2017-09-29. Amit Sharma was appointed as the Interim Resolution Professional (IRP) and later as the Liquidator. The liquidator made public announcements and invited claims from financial and operational creditors. The assets of Tirupati Ceramics Ltd. were valued, and e-auctions were conducted to sell the assets, including land, building, scrap, office equipment, and furniture. The land and building were realized at ₹18,76,00,000/-, and scrap, office equipment, and furniture were realized at ₹17,65,000/-. The liquidator submitted asset sale reports. The liquidator collated and submitted a revised list of
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The Adjudicating Authority admitted the…
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The case pertains to CA No. 584/2019 filed in CP (IB) No. 50/Chd/Hry/2017 by the applicant/liquidator, Amit Sharma, regarding M/s. Tirupati Ceramics Ltd. The main Company Petition bearing CP (IB) No. 50/Chd/Hry/2017 was filed by Sahara Fincon Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the petition on 29.09.2017, initiating the Corporate Insolvency Resolution Process (CIRP) and declaring a moratorium. Amit Sharma was appointed as the Interim Resolution Professional (IRP) on 11.10.2017 and later confirmed as the Resolution Professional (RP). Subsequently, on 22.03.2018, he was appointed as the Liquidator.
Sahara Fincon Pvt. Ltd. initiated Corporate Insolvency Resolution Process (CIRP) against Tirupati Ceramics Ltd. under Section 7 of the IBC, which was admitted on 2017-09-29. Amit Sharma was appointed as the Interim Resolution Professional (IRP) and later as the Liquidator. The liquidator made public announcements and invited claims from financial and operational creditors. The assets of Tirupati Ceramics Ltd. were valued, and e-auctions were conducted to sell the assets, including land, building, scrap, office equipment, and furniture. The land and building were realized at ₹18,76,00,000/-, and scrap, office equipment, and furniture were realized at ₹17,65,000/-. The liquidator submitted asset sale reports. The liquidator collated and submitted a revised list of
…The Adjudicating Authority admitted the…
Amit Sharma was…