The case involves an application under Section 54 of the Insolvency & Bankruptcy Code, 2016, read with Rule 11 of the Insolvency & Bankruptcy (Application to the Adjudicating Authority) Rules, 2016, seeking the dissolution of the Corporate Debtor, Balgopal Distributors Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 7 of the IBC, 2016, by the Financial Creditor, Royalpet Vanijya Private Limited. The CIRP commenced on February 17, 2020, and subsequently, an application for liquidation was filed, leading to an order on November 9, 2021, for the Corporate Debtor to be liquidated, and a liquidator was appointed.
Royalpet Vanijya Private Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Balgopal Distributors Private Limited, the Corporate Debtor, under Section 7 of the Insolvency & Bankruptcy Code, 2016. The CIRP commenced on February 17, 2020, by an order of the National Company Law Tribunal (NCLT), Kolkata Bench. Subsequently, an application for liquidation was filed, and on November 9, 2021, the Corporate Debtor was ordered to be liquidated, with the present Applicant appointed as the Liquidator. Public announcements were made on February 25, 2020, in Bengali and English newspapers. In a meeting on July 29, 2022, the stakeholders decided against further auctions of liquidation assets, and the liquidator was directed to
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CIRP commenced by an…
Public announcements…
The case involves an application under Section 54 of the Insolvency & Bankruptcy Code, 2016, read with Rule 11 of the Insolvency & Bankruptcy (Application to the Adjudicating Authority) Rules, 2016, seeking the dissolution of the Corporate Debtor, Balgopal Distributors Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 7 of the IBC, 2016, by the Financial Creditor, Royalpet Vanijya Private Limited. The CIRP commenced on February 17, 2020, and subsequently, an application for liquidation was filed, leading to an order on November 9, 2021, for the Corporate Debtor to be liquidated, and a liquidator was appointed.
Royalpet Vanijya Private Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Balgopal Distributors Private Limited, the Corporate Debtor, under Section 7 of the Insolvency & Bankruptcy Code, 2016. The CIRP commenced on February 17, 2020, by an order of the National Company Law Tribunal (NCLT), Kolkata Bench. Subsequently, an application for liquidation was filed, and on November 9, 2021, the Corporate Debtor was ordered to be liquidated, with the present Applicant appointed as the Liquidator. Public announcements were made on February 25, 2020, in Bengali and English newspapers. In a meeting on July 29, 2022, the stakeholders decided against further auctions of liquidation assets, and the liquidator was directed to
…CIRP commenced by an…
Public announcements…