The case involves an application (IA(IBC)/2432(CHE)/2023) filed by the Liquidator of M/s. Auro Mira Energy Company Private Limited, seeking directions related to the liquidation process. The Corporate Debtor, Auro Mira Energy Company Private Limited, was ordered for liquidation on 04.01.2018. The liquidator conducted multiple e-auctions for the sale of shares of its wholly owned subsidiary, M/s. Auro Mira Energy and Infrastructure India Private Limited. The respondents, D. Rajkumar and Veeraprakasham Rajamanickam, were initially declared successful bidders in the second e-auction but failed to remit the balance consideration within the stipulated time. Subsequent e-auctions failed. The respondents then filed an application seeking a refund of the consideration they had
…1. The National Company Law Tribunal (NCLT), Chennai, is hearing IA(IBC)/2432(CHE)/2023 in CP/473/IB/2017, an application filed by the Liquidator of M/s. Auro Mira Energy Company Private Limited.
2. The NCLT had ordered the liquidation of Auro Mira Energy Company Private Limited on 04.01.2018 and appointed the applicant as the Liquidator.
3. The Liquidator conducted a second E-Auction on 25.08.2021 for the sale of shares of the wholly owned Subsidiary Company, M/s. Auro Mira Energy and Infrastructure India Private Limited, with a reserve price of Rs.8.135 Crores.
4. D. Rajkumar and Veeraprakasham Rajamanickam (Respondents) deposited Rs.82.00 Lakhs as Earnest Money Deposit (EMD) on 23.08.2021 and participated in the e-auction. They were declared successful bidders for
Sign in to view the parties.
Tribunal ordered for Liquidation of the…
Liquidator conducted the second E-Auction…
The case involves an application (IA(IBC)/2432(CHE)/2023) filed by the Liquidator of M/s. Auro Mira Energy Company Private Limited, seeking directions related to the liquidation process. The Corporate Debtor, Auro Mira Energy Company Private Limited, was ordered for liquidation on 04.01.2018. The liquidator conducted multiple e-auctions for the sale of shares of its wholly owned subsidiary, M/s. Auro Mira Energy and Infrastructure India Private Limited. The respondents, D. Rajkumar and Veeraprakasham Rajamanickam, were initially declared successful bidders in the second e-auction but failed to remit the balance consideration within the stipulated time. Subsequent e-auctions failed. The respondents then filed an application seeking a refund of the consideration they had
…1. The National Company Law Tribunal (NCLT), Chennai, is hearing IA(IBC)/2432(CHE)/2023 in CP/473/IB/2017, an application filed by the Liquidator of M/s. Auro Mira Energy Company Private Limited.
2. The NCLT had ordered the liquidation of Auro Mira Energy Company Private Limited on 04.01.2018 and appointed the applicant as the Liquidator.
3. The Liquidator conducted a second E-Auction on 25.08.2021 for the sale of shares of the wholly owned Subsidiary Company, M/s. Auro Mira Energy and Infrastructure India Private Limited, with a reserve price of Rs.8.135 Crores.
4. D. Rajkumar and Veeraprakasham Rajamanickam (Respondents) deposited Rs.82.00 Lakhs as Earnest Money Deposit (EMD) on 23.08.2021 and participated in the e-auction. They were declared successful bidders for
Tribunal ordered for Liquidation of the…
Liquidator conducted the second E-Auction…