The case involves an application filed by the Liquidator of Adhils Builders and Developers Pvt Ltd, the Corporate Debtor, seeking dissolution of the Corporate Debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-11-28, and subsequently put into liquidation on 2020-08-28. The liquidation process commenced on 2020-09-07 and ended on 2023-08-05, with extensions due to COVID-19 and unsuccessful sale attempts. The liquidator was appointed and carried out a public announcement. The Stakeholder's Consultation Committee (SCC) was formed with State Bank of India and Daimler Financial Services Pvt Ltd as members.
Adhils Builders and Developers Pvt Ltd was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-11-28 and subsequently put into liquidation on 2020-08-28. The liquidation commenced on 2020-09-07 and ended on 2023-08-05, with extensions due to COVID-19 and unsuccessful sale attempts. The liquidator carried out a public announcement, and the Stakeholder's Consultation Committee (SCC) was formed with State Bank of India and Daimler Financial Services Pvt Ltd. Registered Valuers were appointed on 2020-09-15, assessing the fair value at Rs. 226.83 Lakhs and liquidation value at Rs. 106.90 Lakhs. The liquidation assets included inventory items, an Eicher mini-Lorry, a Benz Car CLA 200 CD, and receivables. Inventory items remained unsold and were treated as
…Sign in to view the parties.
Corporate Debtor was…
Tribunal ordered…
The case involves an application filed by the Liquidator of Adhils Builders and Developers Pvt Ltd, the Corporate Debtor, seeking dissolution of the Corporate Debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-11-28, and subsequently put into liquidation on 2020-08-28. The liquidation process commenced on 2020-09-07 and ended on 2023-08-05, with extensions due to COVID-19 and unsuccessful sale attempts. The liquidator was appointed and carried out a public announcement. The Stakeholder's Consultation Committee (SCC) was formed with State Bank of India and Daimler Financial Services Pvt Ltd as members.
Adhils Builders and Developers Pvt Ltd was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-11-28 and subsequently put into liquidation on 2020-08-28. The liquidation commenced on 2020-09-07 and ended on 2023-08-05, with extensions due to COVID-19 and unsuccessful sale attempts. The liquidator carried out a public announcement, and the Stakeholder's Consultation Committee (SCC) was formed with State Bank of India and Daimler Financial Services Pvt Ltd. Registered Valuers were appointed on 2020-09-15, assessing the fair value at Rs. 226.83 Lakhs and liquidation value at Rs. 106.90 Lakhs. The liquidation assets included inventory items, an Eicher mini-Lorry, a Benz Car CLA 200 CD, and receivables. Inventory items remained unsold and were treated as
…Corporate Debtor was…
Tribunal ordered…