The case pertains to an application 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 CIRP was initiated following an application by Nandalal Khandelwal, an Operational Creditor, under Section 9 of the IBC. The CoC resolved to initiate liquidation, and the Tribunal ordered the commencement of liquidation on 25.02.2020. The liquidator took steps including public announcement, inviting claims, and conducting Stakeholders Consultation Committee (SCC) meetings.
Nandalal Khandelwal, an Operational Creditor, initiated CIRP against Aparna Polyflex Private Limited under Section 9 of the IBC. The CIRP commenced on 01.10.2019, and later, the CoC resolved to liquidate the Corporate Debtor. The Tribunal ordered the commencement of liquidation on 25.02.2020. Animesh Mukhopadhyay was appointed as the liquidator. Public announcements were made, and claims amounting to Rs. 1955530000.00/- were received. The liquidation process faced delays due to the COVID-19 pandemic, resulting in an exclusion of 232 days. The liquidator informed SFIO about the liquidation proceedings and requested access to the Corporate Debtor's documents. The liquidator also filed an application under Regulation 38 of the IBBI Liquidation Regulations, which was
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The case pertains to an application 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 CIRP was initiated following an application by Nandalal Khandelwal, an Operational Creditor, under Section 9 of the IBC. The CoC resolved to initiate liquidation, and the Tribunal ordered the commencement of liquidation on 25.02.2020. The liquidator took steps including public announcement, inviting claims, and conducting Stakeholders Consultation Committee (SCC) meetings.
Nandalal Khandelwal, an Operational Creditor, initiated CIRP against Aparna Polyflex Private Limited under Section 9 of the IBC. The CIRP commenced on 01.10.2019, and later, the CoC resolved to liquidate the Corporate Debtor. The Tribunal ordered the commencement of liquidation on 25.02.2020. Animesh Mukhopadhyay was appointed as the liquidator. Public announcements were made, and claims amounting to Rs. 1955530000.00/- were received. The liquidation process faced delays due to the COVID-19 pandemic, resulting in an exclusion of 232 days. The liquidator informed SFIO about the liquidation proceedings and requested access to the Corporate Debtor's documents. The liquidator also filed an application under Regulation 38 of the IBBI Liquidation Regulations, which was
…Tribunal directed for…
The CoC in the meeting…
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