The case involves an application for the dissolution of Blue Cross Road Solutions Limited, a corporate debtor. Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Ajay Ganesh Marathe was appointed as the Interim Resolution Professional, later confirmed as the Resolution Professional. Despite efforts to revive the Corporate Debtor, it was deemed impossible due to absconding directors. The Committee of Creditors decided to liquidate the Corporate Debtor, appointing the applicant as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Blue Cross Road Solutions Limited based on a petition filed by a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. Ajay Ganesh Marathe was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The Committee of Creditors decided to liquidate the Corporate Debtor due to the absconding directors and the impossibility of revival. Ajay Ganesh Marathe was appointed as the Liquidator. The Liquidator made a public announcement and invited claims from stakeholders. The Liquidator received one claim from Janata Sahakari Bank Limited and VAT Department, Maharashtra, totaling Rs. 62,51,00,066/-. The Stakeholders' Consultation
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The Adjudicating Authority issued an order on a…
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The case involves an application for the dissolution of Blue Cross Road Solutions Limited, a corporate debtor. Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Ajay Ganesh Marathe was appointed as the Interim Resolution Professional, later confirmed as the Resolution Professional. Despite efforts to revive the Corporate Debtor, it was deemed impossible due to absconding directors. The Committee of Creditors decided to liquidate the Corporate Debtor, appointing the applicant as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Blue Cross Road Solutions Limited based on a petition filed by a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. Ajay Ganesh Marathe was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The Committee of Creditors decided to liquidate the Corporate Debtor due to the absconding directors and the impossibility of revival. Ajay Ganesh Marathe was appointed as the Liquidator. The Liquidator made a public announcement and invited claims from stakeholders. The Liquidator received one claim from Janata Sahakari Bank Limited and VAT Department, Maharashtra, totaling Rs. 62,51,00,066/-. The Stakeholders' Consultation
…The Adjudicating Authority issued an order on a…
The Interim Resolution Professional was…