The case pertains to an application filed under Section 54 of the Insolvency & Bankruptcy Code, 2016, read with regulation 45 of the IBBI (Liquidation Process) Regulations 2016, seeking the dissolution of the Corporate Debtor, AS Sales and Exports Private Limited. The Corporate Debtor was admitted into CIRP on 09.07.2018, and the applicant, Shyamal Kumar Bhattacharjee, was appointed as the IRP. Subsequently, on 06.08.2018, the Committee of Creditors appointed the applicant as the Resolution Professional. Despite efforts, no resolution plan was received, leading to an order for liquidation on 25.04.2019. The applicant was then appointed as the Liquidator.
AS Sales and Exports Private Limited was admitted into CIRP on 09.07.2018, with Shyamal Kumar Bhattacharjee initially appointed as the IRP and later as the Resolution Professional. Due to the absence of a resolution plan, the company was ordered into liquidation on 25.04.2019, and Shyamal Kumar Bhattacharjee was appointed as the Liquidator. A public announcement was made on 29.04.2019. The last date for submitting claims was 25.05.2019. The liquidator received claims from operational creditors, including Seco Tools India Private Limited (Rs. 30,48,667.00), and financial creditors, including Sarmistha Bajpayee (Rs. 14,47,303.00). The liquidator engaged MSTC Ltd to auction the assets. Multiple auction attempts were made, with M/s. MAA VAISHNO TRADING COMPANY eventually
…Sign in to view the parties.
Corporate Debtor admitted into CIRP by the…
Committee of Creditors…
Sign in to view related legal provisions.
The case pertains to an application filed under Section 54 of the Insolvency & Bankruptcy Code, 2016, read with regulation 45 of the IBBI (Liquidation Process) Regulations 2016, seeking the dissolution of the Corporate Debtor, AS Sales and Exports Private Limited. The Corporate Debtor was admitted into CIRP on 09.07.2018, and the applicant, Shyamal Kumar Bhattacharjee, was appointed as the IRP. Subsequently, on 06.08.2018, the Committee of Creditors appointed the applicant as the Resolution Professional. Despite efforts, no resolution plan was received, leading to an order for liquidation on 25.04.2019. The applicant was then appointed as the Liquidator.
AS Sales and Exports Private Limited was admitted into CIRP on 09.07.2018, with Shyamal Kumar Bhattacharjee initially appointed as the IRP and later as the Resolution Professional. Due to the absence of a resolution plan, the company was ordered into liquidation on 25.04.2019, and Shyamal Kumar Bhattacharjee was appointed as the Liquidator. A public announcement was made on 29.04.2019. The last date for submitting claims was 25.05.2019. The liquidator received claims from operational creditors, including Seco Tools India Private Limited (Rs. 30,48,667.00), and financial creditors, including Sarmistha Bajpayee (Rs. 14,47,303.00). The liquidator engaged MSTC Ltd to auction the assets. Multiple auction attempts were made, with M/s. MAA VAISHNO TRADING COMPANY eventually
…Corporate Debtor admitted into CIRP by the…
Committee of Creditors…
Sign in to view related legal provisions.