The case pertains to an application for dissolution of Tork Fastners Private Limited, a corporate debtor, under Section 54 of the Insolvency and Bankruptcy Code, 2016. An application for commencement of Corporate Insolvency Resolution Process (CIRP) was admitted on 22.07.2019, and Mr. Bharatiraju Vegiraju was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). Subsequently, the RP filed an application for liquidation, which was allowed on 29.10.2020. An application was filed to amend the Liquidation Application for substitution of the proposed Liquidator to Mr. Mukesh Khathuria, who is the current applicant. The liquidator submitted progress reports and a final report, stating that there were no assets at the
…An application was filed for the dissolution of Tork Fastners Private Limited under Section 54 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Bharatiraju Vegiraju was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Subsequently, an application for liquidation was filed and allowed. Mr. Mukesh Khathuria was appointed as the liquidator. The liquidator submitted progress reports and a final report, indicating that there were no assets at the factory site and no books of accounts available. The liquidator compiled information from the MCA website and made a public announcement regarding the commencement of the liquidation process. The
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Application for…
Application for…
The case pertains to an application for dissolution of Tork Fastners Private Limited, a corporate debtor, under Section 54 of the Insolvency and Bankruptcy Code, 2016. An application for commencement of Corporate Insolvency Resolution Process (CIRP) was admitted on 22.07.2019, and Mr. Bharatiraju Vegiraju was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). Subsequently, the RP filed an application for liquidation, which was allowed on 29.10.2020. An application was filed to amend the Liquidation Application for substitution of the proposed Liquidator to Mr. Mukesh Khathuria, who is the current applicant. The liquidator submitted progress reports and a final report, stating that there were no assets at the
…An application was filed for the dissolution of Tork Fastners Private Limited under Section 54 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Bharatiraju Vegiraju was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Subsequently, an application for liquidation was filed and allowed. Mr. Mukesh Khathuria was appointed as the liquidator. The liquidator submitted progress reports and a final report, indicating that there were no assets at the factory site and no books of accounts available. The liquidator compiled information from the MCA website and made a public announcement regarding the commencement of the liquidation process. The
…Application for…
Application for…