The case pertains to Vedika Nut Crafts Pvt. Ltd. under liquidation as per Section 10 of the IBC. The liquidator raised issues regarding unpaid expenses and fees for the liquidation process. The Committee of Creditors (CoC) had recommended an application under Section 33, which was accepted by the court on 04.04.2018.
Vedika Nut Crafts Pvt. Ltd. is undergoing liquidation under Section 10 of the IBC. The liquidator, Mr. Shashi Kant Nemani, raised concerns about unpaid expenses and fees. The CoC had previously recommended an application under Section 33, which was accepted by the court on 04.04.2018. The CoC is allegedly delaying payments to the liquidator, including a fee estimated at Rs. 14,00,000/-. The liquidator also noted that form INC-28 was not signed by Mr. Anurag Garg, Ex-Promoter. Mr. Kalia, counsel for Mr. Anurag Garg, stated that he would appear before the liquidator.
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The court accepted an…
Form INC-28 was not…
The case pertains to Vedika Nut Crafts Pvt. Ltd. under liquidation as per Section 10 of the IBC. The liquidator raised issues regarding unpaid expenses and fees for the liquidation process. The Committee of Creditors (CoC) had recommended an application under Section 33, which was accepted by the court on 04.04.2018.
Vedika Nut Crafts Pvt. Ltd. is undergoing liquidation under Section 10 of the IBC. The liquidator, Mr. Shashi Kant Nemani, raised concerns about unpaid expenses and fees. The CoC had previously recommended an application under Section 33, which was accepted by the court on 04.04.2018. The CoC is allegedly delaying payments to the liquidator, including a fee estimated at Rs. 14,00,000/-. The liquidator also noted that form INC-28 was not signed by Mr. Anurag Garg, Ex-Promoter. Mr. Kalia, counsel for Mr. Anurag Garg, stated that he would appear before the liquidator.
The court accepted an…
Form INC-28 was not…