The case involves an application IA/767(CHE)/2021 filed in CP/1174(IB)/2018 under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 47A, seeking the dissolution of M/s. Bhareth Formulations Private Limited, the Corporate Debtor. The Corporate Debtor was admitted into CIRP by the Tribunal on 20.03.2019. An application for liquidation was filed by the Resolution Professional under section 33(2) of IBC, 2016, and was allowed on 05.08.2020, appointing the applicant as the Liquidator.
M/s. Bhareth Formulations Private Limited (Corporate Debtor) was admitted into CIRP on 20.03.2019. An application for liquidation was filed by the Resolution Professional and was allowed on 05.08.2020, appointing Revathi Sridharan as the Liquidator. The Liquidator made a public announcement on 07.08.2020. The Liquidator received a claim from Bank of India amounting to Rs. 30,16,06,746.07, which was verified and admitted. The Corporate Debtor had no assets except for contingent assets to be paid by the Promoter. The creditors relinquished their right over the property on 16.01.2020. The company was non-functional since December 2015. The Promoter's application under Section 66 & 67 of the IBC had expired on 23.05.2021. The Liquidator filed the required reports under
…Sign in to view the parties.
M/s. Bhareth Formulation…
The application for liquidation was allowed,…
The case involves an application IA/767(CHE)/2021 filed in CP/1174(IB)/2018 under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 47A, seeking the dissolution of M/s. Bhareth Formulations Private Limited, the Corporate Debtor. The Corporate Debtor was admitted into CIRP by the Tribunal on 20.03.2019. An application for liquidation was filed by the Resolution Professional under section 33(2) of IBC, 2016, and was allowed on 05.08.2020, appointing the applicant as the Liquidator.
M/s. Bhareth Formulations Private Limited (Corporate Debtor) was admitted into CIRP on 20.03.2019. An application for liquidation was filed by the Resolution Professional and was allowed on 05.08.2020, appointing Revathi Sridharan as the Liquidator. The Liquidator made a public announcement on 07.08.2020. The Liquidator received a claim from Bank of India amounting to Rs. 30,16,06,746.07, which was verified and admitted. The Corporate Debtor had no assets except for contingent assets to be paid by the Promoter. The creditors relinquished their right over the property on 16.01.2020. The company was non-functional since December 2015. The Promoter's application under Section 66 & 67 of the IBC had expired on 23.05.2021. The Liquidator filed the required reports under
…M/s. Bhareth Formulation…
The application for liquidation was allowed,…