The case pertains to the insolvency resolution process of Briar Knoll Mills Private Limited, which was admitted under Section 7 of the IBC. The court is dealing with applications related to the discharge of a liquidator, payment of liquidator fees, and condonation of delay in seeking an extension of the liquidation period.
Briar Knoll Mills Private Limited was admitted into insolvency under Section 7 of the IBC on 25.02.2019.
Mr. Arumugam was appointed as the Resolution Professional on 10.04.2019.
An order for liquidation was passed on 22.02.2021.
Mr. K. Venkatrao was initially appointed as Liquidator.
Mr. N. Kumar was appointed as the new Liquidator, replacing Mr. K. Venkatrao on 19.11.2024.
Mr. N. Kumar sought discharge as Liquidator due to his father's illness.
Mr. Sugumar.R. was appointed as the new Liquidator.
There was a delay of 429 days in filing the application for extension of the liquidation period.
Asset Reconstruction Company India Limited (ARCIL) was directed to pay Rs.5,90,000/- as Liquidator fee and reimburse Rs.1,50,000/- as costs.
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Briar Knoll Mills…
Mr. Arumugam was…
The case pertains to the insolvency resolution process of Briar Knoll Mills Private Limited, which was admitted under Section 7 of the IBC. The court is dealing with applications related to the discharge of a liquidator, payment of liquidator fees, and condonation of delay in seeking an extension of the liquidation period.
Briar Knoll Mills Private Limited was admitted into insolvency under Section 7 of the IBC on 25.02.2019.
Mr. Arumugam was appointed as the Resolution Professional on 10.04.2019.
An order for liquidation was passed on 22.02.2021.
Mr. K. Venkatrao was initially appointed as Liquidator.
Mr. N. Kumar was appointed as the new Liquidator, replacing Mr. K. Venkatrao on 19.11.2024.
Mr. N. Kumar sought discharge as Liquidator due to his father's illness.
Mr. Sugumar.R. was appointed as the new Liquidator.
There was a delay of 429 days in filing the application for extension of the liquidation period.
Asset Reconstruction Company India Limited (ARCIL) was directed to pay Rs.5,90,000/- as Liquidator fee and reimburse Rs.1,50,000/- as costs.
Briar Knoll Mills…
Mr. Arumugam was…