The case involves an application under section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with regulation 45(3) of the IBBI (Liquidation Process) Regulations, 2016, for the closure of the liquidation process of Aryavrat Trading Pvt. Ltd. The corporate debtor's assets have been sold as a 'going concern' to Mr. Deepak Nagar under regulation 32(e) of the IBBI (Liquidation Process) Regulations, 2016.
Bank of Baroda (erstwhile Dena Bank) is the Financial Creditor. M/s. Aryavrat Trading Pvt. Ltd. is the Corporate Debtor. The Liquidator, Mrs. Rachna Jhunjhunwala, filed IA(IBC)/1425(KB)2023 under section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with regulation 45(3) of the IBBI (Liquidation Process) Regulations, 2016, seeking closure of the liquidation process. The Corporate Debtor's assets were sold as a 'going concern' to Mr. Deepak Nagar. The application lacked certain documents, including the Statement of Account during the Liquidation Period, the Original Bank Statement, and the appendices mentioned in the Final Report. The 10th SCC meeting advised Indian Bank to pursue avoidance applications under section 43 to 66 of the IBC after the liquidation
…Sign in to view the parties.
Filing of CP(IB)/430(KB)…
Hearing he…
The case involves an application under section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with regulation 45(3) of the IBBI (Liquidation Process) Regulations, 2016, for the closure of the liquidation process of Aryavrat Trading Pvt. Ltd. The corporate debtor's assets have been sold as a 'going concern' to Mr. Deepak Nagar under regulation 32(e) of the IBBI (Liquidation Process) Regulations, 2016.
Bank of Baroda (erstwhile Dena Bank) is the Financial Creditor. M/s. Aryavrat Trading Pvt. Ltd. is the Corporate Debtor. The Liquidator, Mrs. Rachna Jhunjhunwala, filed IA(IBC)/1425(KB)2023 under section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with regulation 45(3) of the IBBI (Liquidation Process) Regulations, 2016, seeking closure of the liquidation process. The Corporate Debtor's assets were sold as a 'going concern' to Mr. Deepak Nagar. The application lacked certain documents, including the Statement of Account during the Liquidation Period, the Original Bank Statement, and the appendices mentioned in the Final Report. The 10th SCC meeting advised Indian Bank to pursue avoidance applications under section 43 to 66 of the IBC after the liquidation
…Filing of CP(IB)/430(KB)…
Hearing he…