The application was filed by the Liquidator of M/s. Asten Realtors Private Limited under Regulation 31(A)(11) of the IBBI (Liquidation Process) Regulation, 2016, seeking the replacement of the present Liquidator, Sri. K.C. Padmakumar, with Sri. Sreenivasan P R, as resolved by the Stakeholders' Consultation Committee (SCC). The Adjudicating Authority had previously admitted an application against the Corporate Debtor under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated the Corporate Insolvency Resolution Process, approved two project-wise resolution plans, and passed an order for liquidation.
Sri. K.C. Padmakumar, the Liquidator of M/s. Asten Realtors Private Limited, filed an application seeking to be replaced by Sri. Sreenivasan P R, as resolved by the Stakeholders' Consultation Committee (SCC). The Adjudicating Authority had previously admitted an application against the Corporate Debtor under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated the Corporate Insolvency Resolution Process, approved two project-wise resolution plans, and passed an order for liquidation on 2024-11-19. The applicant made a public announcement inviting claims on 2024-11-23, with the last date of receipt being 2024-12-19. The applicant collated the claims, prepared a list of stakeholders, and constituted the Stakeholders' Consultation Committee on 2025-01-18. The
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Adjudicating Authority admitted the application…
Adjudicating Authority…
The application was filed by the Liquidator of M/s. Asten Realtors Private Limited under Regulation 31(A)(11) of the IBBI (Liquidation Process) Regulation, 2016, seeking the replacement of the present Liquidator, Sri. K.C. Padmakumar, with Sri. Sreenivasan P R, as resolved by the Stakeholders' Consultation Committee (SCC). The Adjudicating Authority had previously admitted an application against the Corporate Debtor under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated the Corporate Insolvency Resolution Process, approved two project-wise resolution plans, and passed an order for liquidation.
Sri. K.C. Padmakumar, the Liquidator of M/s. Asten Realtors Private Limited, filed an application seeking to be replaced by Sri. Sreenivasan P R, as resolved by the Stakeholders' Consultation Committee (SCC). The Adjudicating Authority had previously admitted an application against the Corporate Debtor under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated the Corporate Insolvency Resolution Process, approved two project-wise resolution plans, and passed an order for liquidation on 2024-11-19. The applicant made a public announcement inviting claims on 2024-11-23, with the last date of receipt being 2024-12-19. The applicant collated the claims, prepared a list of stakeholders, and constituted the Stakeholders' Consultation Committee on 2025-01-18. The
…Adjudicating Authority admitted the application…
Adjudicating Authority…