The application was filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) based on a resolution passed by the Committee of Creditors (CoC) with 96.7% voting. The Corporate Debtor's only asset was a land in Ghaziabad, and it had not been operational for a long time. The last balance sheet available on the MCA Portal was for the years 2012-2013. The directors of the Corporate Debtor were also untraceable. Consequently, the CoC sought liquidation of the Corporate Debtor. An application was moved by Capri Global Capital Limited under Section 7 of IBC against the Corporate Debtor, which was admitted on 03.01.2020.
Capri Global Capital Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Value Infratech India Pvt. Ltd., which was admitted on 03.01.2020. The Committee of Creditors (CoC) passed a resolution with 96.7% voting to liquidate the Corporate Debtor, Value Infratech India Pvt. Ltd., because the company's only asset was a land in Ghaziabad, it had not been operational for a long time, and its directors were untraceable. The last available balance sheet was for the years 2012-2013. The Resolution Professional (RP) was appointed as the Liquidator, and the CoC sought liquidation. The application for appointment of Authorized Representative remained pending for a long time, and the RP could not get home buyers approval until before
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The Company Petition filed by Capri Global…
The CoC held a meeting…
The application was filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) based on a resolution passed by the Committee of Creditors (CoC) with 96.7% voting. The Corporate Debtor's only asset was a land in Ghaziabad, and it had not been operational for a long time. The last balance sheet available on the MCA Portal was for the years 2012-2013. The directors of the Corporate Debtor were also untraceable. Consequently, the CoC sought liquidation of the Corporate Debtor. An application was moved by Capri Global Capital Limited under Section 7 of IBC against the Corporate Debtor, which was admitted on 03.01.2020.
Capri Global Capital Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Value Infratech India Pvt. Ltd., which was admitted on 03.01.2020. The Committee of Creditors (CoC) passed a resolution with 96.7% voting to liquidate the Corporate Debtor, Value Infratech India Pvt. Ltd., because the company's only asset was a land in Ghaziabad, it had not been operational for a long time, and its directors were untraceable. The last available balance sheet was for the years 2012-2013. The Resolution Professional (RP) was appointed as the Liquidator, and the CoC sought liquidation. The application for appointment of Authorized Representative remained pending for a long time, and the RP could not get home buyers approval until before
…The Company Petition filed by Capri Global…
The CoC held a meeting…