The case pertains to an application filed under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation process) Regulations, 2016 and Rule 11 of NCLT Rules, for the dissolution of the Corporate Debtor, Aparna Polyflex Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by Nandalal Khandelwal, an Operational Creditor, under Section 9 of the IBC. The CIRP commenced on 01.10.2019, and subsequently, the Committee of Creditors (CoC) resolved to initiate liquidation on 18.02.2020. The liquidation process was hampered by the Covid-19 pandemic and related lockdowns, leading to delays. The Liquidator took steps to consolidate
…Nandalal Khandelwal, an Operational Creditor, filed CP (IB) No. 784/KB/2019 under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Aparna Polyflex Private Limited (Corporate Debtor) for claiming its dues. The Tribunal initiated CIRP on 01.10.2019. The CoC resolved to initiate liquidation on 18.02.2020, and the Tribunal ordered the commencement of liquidation on 25.02.2020, appointing the Applicant as the Liquidator. The Public Announcement inviting claims from stakeholders was made on 01.03.2020, and a total of 8 claims amounting to Rs.1955530000.00/- were received. The liquidation process was delayed due to the Covid-19 pandemic and related lockdowns, with the Tribunal allowing an exclusion of 232 days vide order dated 12.04.2021. The Liquidator informed
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Tribunal directed for…
The CoC in the meeting passed the resolution…
The case pertains to an application filed under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation process) Regulations, 2016 and Rule 11 of NCLT Rules, for the dissolution of the Corporate Debtor, Aparna Polyflex Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by Nandalal Khandelwal, an Operational Creditor, under Section 9 of the IBC. The CIRP commenced on 01.10.2019, and subsequently, the Committee of Creditors (CoC) resolved to initiate liquidation on 18.02.2020. The liquidation process was hampered by the Covid-19 pandemic and related lockdowns, leading to delays. The Liquidator took steps to consolidate
…Nandalal Khandelwal, an Operational Creditor, filed CP (IB) No. 784/KB/2019 under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Aparna Polyflex Private Limited (Corporate Debtor) for claiming its dues. The Tribunal initiated CIRP on 01.10.2019. The CoC resolved to initiate liquidation on 18.02.2020, and the Tribunal ordered the commencement of liquidation on 25.02.2020, appointing the Applicant as the Liquidator. The Public Announcement inviting claims from stakeholders was made on 01.03.2020, and a total of 8 claims amounting to Rs.1955530000.00/- were received. The liquidation process was delayed due to the Covid-19 pandemic and related lockdowns, with the Tribunal allowing an exclusion of 232 days vide order dated 12.04.2021. The Liquidator informed
…Tribunal directed for…
The CoC in the meeting passed the resolution…