The case involves an application (CA No. 540/ND/2019) for the early resolution of the Corporate Debtor. The liquidation of the Corporate Debtor's assets was previously directed by an order dated July 8, 2019. The liquidator's counsel submitted that the company has no assets to be liquidated, although they received a claim from the Income Tax Department during the liquidation process.
The application CA No. 540/ND/2019 was filed for the early resolution of the Corporate Debtor. An earlier order directed the liquidation of the Corporate Debtor's assets, dated July 8, 2019. The liquidator's counsel stated that the company has no assets to be liquidated, despite receiving a claim from the Income Tax Department during liquidation. The Corporate Debtor has not been in operation for the last 15 years, and no financial statements or audited balance sheets are available. The liquidator's prayer was annexed with an affidavit from the liquidator, Mr. Ashish Singh.
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An order was issued…
The order for the disposal of CA No. 540/ND/2019…
The case involves an application (CA No. 540/ND/2019) for the early resolution of the Corporate Debtor. The liquidation of the Corporate Debtor's assets was previously directed by an order dated July 8, 2019. The liquidator's counsel submitted that the company has no assets to be liquidated, although they received a claim from the Income Tax Department during the liquidation process.
The application CA No. 540/ND/2019 was filed for the early resolution of the Corporate Debtor. An earlier order directed the liquidation of the Corporate Debtor's assets, dated July 8, 2019. The liquidator's counsel stated that the company has no assets to be liquidated, despite receiving a claim from the Income Tax Department during liquidation. The Corporate Debtor has not been in operation for the last 15 years, and no financial statements or audited balance sheets are available. The liquidator's prayer was annexed with an affidavit from the liquidator, Mr. Ashish Singh.
An order was issued…
The order for the disposal of CA No. 540/ND/2019…