The case pertains to an application filed by the Liquidator seeking an order for the dissolution of the Corporate Debtor, Anish Trading and Mercantile Private Limited, under Section 54 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Katyayan Mercantile and Trading Pvt. Ltd (Operational Creditor). An Interim Resolution Professional (IRP), Ms. Rajshree Padia, was appointed, who later served as the Resolution Professional. The Committee of Creditors (CoC) approved the resolution for liquidation. Mr. Anil Kashi Drolia was appointed as the liquidator.
Katyayan Mercantile and Trading Pvt. Ltd. (Operational Creditor) filed a petition leading to the initiation of Corporate Insolvency Resolution Process (CIRP) against Anish Trading and Mercantile Private Limited (Corporate Debtor). Ms. Rajshree Padia was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) approved the resolution for liquidation with 100% votes. Mr. Anil Kashi Drolia was appointed as the liquidator. Several e-auction attempts were made to sell the assets of the Corporate Debtor. The first e-auction notice was published on 21.06.2022 with a reserve price of Rs. 5,77,000/-, but there was no response. The reserve price was revised to Rs. 5,19,000/- for the second e-auction.
…Sign in to view the parties.
The Adjudicating Authority passed an order…
The Committee of Creditors (CoC) approved the…
Sign in to view related legal provisions.
The case pertains to an application filed by the Liquidator seeking an order for the dissolution of the Corporate Debtor, Anish Trading and Mercantile Private Limited, under Section 54 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Katyayan Mercantile and Trading Pvt. Ltd (Operational Creditor). An Interim Resolution Professional (IRP), Ms. Rajshree Padia, was appointed, who later served as the Resolution Professional. The Committee of Creditors (CoC) approved the resolution for liquidation. Mr. Anil Kashi Drolia was appointed as the liquidator.
Katyayan Mercantile and Trading Pvt. Ltd. (Operational Creditor) filed a petition leading to the initiation of Corporate Insolvency Resolution Process (CIRP) against Anish Trading and Mercantile Private Limited (Corporate Debtor). Ms. Rajshree Padia was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) approved the resolution for liquidation with 100% votes. Mr. Anil Kashi Drolia was appointed as the liquidator. Several e-auction attempts were made to sell the assets of the Corporate Debtor. The first e-auction notice was published on 21.06.2022 with a reserve price of Rs. 5,77,000/-, but there was no response. The reserve price was revised to Rs. 5,19,000/- for the second e-auction.
…The Adjudicating Authority passed an order…
The Committee of Creditors (CoC) approved the…
Sign in to view related legal provisions.