The application was filed by Sherisha Technologies Private Limited, the successful bidder in the e-auction for the sale of M/s. Cauvery Power Generation Chennai Private Limited, seeking various reliefs, concessions, and approvals necessary for taking over the Corporate Debtor as a going concern on a clean slate basis.
Sherisha Technologies Private Limited, the applicant, emerged as the successful bidder in the e-auction process for the sale of M/s. Cauvery Power Generation Chennai Private Limited. The liquidation of the corporate debtor was ordered by the Tribunal on September 19, 2022. The e-auction for the sale of the corporate debtor as a going concern was conducted on January 10, 2023, where the applicant was the highest bidder for Rs. 75.80 Crores. The applicant paid the entire sale consideration on January 20, 2023, and the liquidator subsequently issued the Sale Certificate. The present application was filed by Sherisha Technologies Private Limited under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The application
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The Tribunal ordered the liquidation of the…
The e-auction for the sale of the Corporate…
The application was filed by Sherisha Technologies Private Limited, the successful bidder in the e-auction for the sale of M/s. Cauvery Power Generation Chennai Private Limited, seeking various reliefs, concessions, and approvals necessary for taking over the Corporate Debtor as a going concern on a clean slate basis.
Sherisha Technologies Private Limited, the applicant, emerged as the successful bidder in the e-auction process for the sale of M/s. Cauvery Power Generation Chennai Private Limited. The liquidation of the corporate debtor was ordered by the Tribunal on September 19, 2022. The e-auction for the sale of the corporate debtor as a going concern was conducted on January 10, 2023, where the applicant was the highest bidder for Rs. 75.80 Crores. The applicant paid the entire sale consideration on January 20, 2023, and the liquidator subsequently issued the Sale Certificate. The present application was filed by Sherisha Technologies Private Limited under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The application
…The Tribunal ordered the liquidation of the…
The e-auction for the sale of the Corporate…