The case involves an application under Section 54 of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of Aqua Infotech Pvt. Ltd., the Corporate Debtor. The CIRP was initiated against the Corporate Debtor on 2020-01-03, and Mr. Bhavesh Rathod was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. However, no prospective resolution applicant came forward during the CIRP period, leading to the filing of an application for liquidation.
The application was filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, for the dissolution of the Corporate Debtor, Aqua Infotech Pvt. Ltd. The CIRP was initiated on 2020-01-03. Mr. Bhavesh Rathod was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. No prospective resolution applicant came forward during the CIRP period. The CoC approved the filing of a liquidation application on 2021-02-15. The bench ordered liquidation on 2022-03-25. The liquidator published a public announcement. The liquidator informed the stakeholders that the Corporate Debtor does not have any substantial asset and bank balance. The stakeholders agreed to put the Corporate Debtor in early dissolution. The liquidator filed an
…Sign in to view the parties.
The Adjudicating Authority directed initiation…
COC in its meeting held on 15.02.2021…
Sign in to view related legal provisions.
The case involves an application under Section 54 of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of Aqua Infotech Pvt. Ltd., the Corporate Debtor. The CIRP was initiated against the Corporate Debtor on 2020-01-03, and Mr. Bhavesh Rathod was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. However, no prospective resolution applicant came forward during the CIRP period, leading to the filing of an application for liquidation.
The application was filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, for the dissolution of the Corporate Debtor, Aqua Infotech Pvt. Ltd. The CIRP was initiated on 2020-01-03. Mr. Bhavesh Rathod was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. No prospective resolution applicant came forward during the CIRP period. The CoC approved the filing of a liquidation application on 2021-02-15. The bench ordered liquidation on 2022-03-25. The liquidator published a public announcement. The liquidator informed the stakeholders that the Corporate Debtor does not have any substantial asset and bank balance. The stakeholders agreed to put the Corporate Debtor in early dissolution. The liquidator filed an
…The Adjudicating Authority directed initiation…
COC in its meeting held on 15.02.2021…
Sign in to view related legal provisions.