The case involves an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, concerning the liquidation of Amrit Feeds Ltd. The applicant, Harish Bagla, a director of the suspended board of Amrit Feeds, challenged the liquidator's decision to declare Respondent No. 2, Auura Agrotech Pvt. Ltd., as the successful bidder for a property in Assam. The applicant argued that Auura Agrotech is a related party due to connections between its promoters and the applicant's maternal uncle, Vijay Kumar Ghidia, who was also a promoter of Amrit Feeds. The liquidator sought to sell three immovable properties of the corporate debtor situated in Bihar, West Bengal and Assam. The applicant sought to restrict the sale of the immovable property of the corporate debtor
…Amrit Feeds Ltd. was admitted into CIRP on October 22, 2019, and subsequently went into liquidation. Harish Bagla, a director of the suspended board, filed an application challenging the liquidator's decision to sell a property in Assam to Auura Agrotech Pvt. Ltd. He contended that Auura Agrotech was a related party because its promoters were related to Vijay Kumar Ghidia, who was both the applicant's maternal uncle and a promoter of Amrit Feeds. Vijay Kumar Ghidia was a director and shareholder of the corporate debtor until 2008. The applicant's mother, Chanda Bagla, was adopted by her father's elder brother, Radhakrishna Ghidia. The liquidator issued a sale notice dated March 2, 2022, to sell three immovable properties of the corporate debtor situated in Bihar, West
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Amrit Feeds a…
The case involves an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, concerning the liquidation of Amrit Feeds Ltd. The applicant, Harish Bagla, a director of the suspended board of Amrit Feeds, challenged the liquidator's decision to declare Respondent No. 2, Auura Agrotech Pvt. Ltd., as the successful bidder for a property in Assam. The applicant argued that Auura Agrotech is a related party due to connections between its promoters and the applicant's maternal uncle, Vijay Kumar Ghidia, who was also a promoter of Amrit Feeds. The liquidator sought to sell three immovable properties of the corporate debtor situated in Bihar, West Bengal and Assam. The applicant sought to restrict the sale of the immovable property of the corporate debtor
…Amrit Feeds Ltd. was admitted into CIRP on October 22, 2019, and subsequently went into liquidation. Harish Bagla, a director of the suspended board, filed an application challenging the liquidator's decision to sell a property in Assam to Auura Agrotech Pvt. Ltd. He contended that Auura Agrotech was a related party because its promoters were related to Vijay Kumar Ghidia, who was both the applicant's maternal uncle and a promoter of Amrit Feeds. Vijay Kumar Ghidia was a director and shareholder of the corporate debtor until 2008. The applicant's mother, Chanda Bagla, was adopted by her father's elder brother, Radhakrishna Ghidia. The liquidator issued a sale notice dated March 2, 2022, to sell three immovable properties of the corporate debtor situated in Bihar, West
…Case filed un…
Amrit Feeds a…