The application was filed under Section 33(1) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of the Company. The documents provided by the Corporate Debtor were insufficient to aid in the preparation of the Information Memorandum or to assist in the verification of claims submitted by the creditors. The Committee of Creditors (CoC) passed a resolution on 14.12.2018 proposing the liquidation of the Corporate Debtor.
An application was filed under Section 33(1) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of M/s. TSN Ecotech International Private Limited. The Corporate Debtor's documents were insufficient for preparing the Information Memorandum or verifying creditor claims. The Committee of Creditors (CoC) unanimously passed a resolution on 14.12.2018 for liquidation due to the lack of sufficient data. The Admission Order was passed on 22.06.2008. The RP requested exemption from appointing two valuers as required by Regulation 35 of the IBBI (Liquidation Process) Regulations, 2016. The Adjudicating Authority deemed it fit to order liquidation and rejected the prayer for exemption from appointing two valuers.
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Admission Ord…
The 3rd meeting of Creditors was held, and a…
The application was filed under Section 33(1) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of the Company. The documents provided by the Corporate Debtor were insufficient to aid in the preparation of the Information Memorandum or to assist in the verification of claims submitted by the creditors. The Committee of Creditors (CoC) passed a resolution on 14.12.2018 proposing the liquidation of the Corporate Debtor.
An application was filed under Section 33(1) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of M/s. TSN Ecotech International Private Limited. The Corporate Debtor's documents were insufficient for preparing the Information Memorandum or verifying creditor claims. The Committee of Creditors (CoC) unanimously passed a resolution on 14.12.2018 for liquidation due to the lack of sufficient data. The Admission Order was passed on 22.06.2008. The RP requested exemption from appointing two valuers as required by Regulation 35 of the IBBI (Liquidation Process) Regulations, 2016. The Adjudicating Authority deemed it fit to order liquidation and rejected the prayer for exemption from appointing two valuers.
Admission Ord…
The 3rd meeting of Creditors was held, and a…