The Applicant filed an application under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) submitted that the Committee of Creditors (CoC) decided to liquidate the Corporate Debtor (CD) and appointed Mr. Ashok Arora as the Liquidator. The Respondent did not appear despite being served notice. The CoC passed a resolution to liquidate Elena Power and Infrastructure Limited.
Fidus Finance Pvt. Ltd. filed an application under Section 33(2) of the IBC, 2016, seeking liquidation of Elena Power and Infrastructure Pvt. Ltd. The CoC, consisting of Fidus Finance Private Limited (84.72% voting share) and Antheia Engineers Pvt Ltd (15.28% voting share), resolved on 26.07.2022 to liquidate the Corporate Debtor and appoint Mr. Ashok Arora as Liquidator. The CoC's decision was based on the provisions of Section 33(2) of the IBC, 2016. The Respondent, Elena Power and Infrastructure Pvt. Ltd., did not appear despite being served notice. The Adjudicating Authority considered the CoC's decision and the relevant provisions of the IBC before ordering the liquidation.
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The Committee of Creditors (CoC) passed a…
The Adjudicating Authority delivered an order…
The Applicant filed an application under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) submitted that the Committee of Creditors (CoC) decided to liquidate the Corporate Debtor (CD) and appointed Mr. Ashok Arora as the Liquidator. The Respondent did not appear despite being served notice. The CoC passed a resolution to liquidate Elena Power and Infrastructure Limited.
Fidus Finance Pvt. Ltd. filed an application under Section 33(2) of the IBC, 2016, seeking liquidation of Elena Power and Infrastructure Pvt. Ltd. The CoC, consisting of Fidus Finance Private Limited (84.72% voting share) and Antheia Engineers Pvt Ltd (15.28% voting share), resolved on 26.07.2022 to liquidate the Corporate Debtor and appoint Mr. Ashok Arora as Liquidator. The CoC's decision was based on the provisions of Section 33(2) of the IBC, 2016. The Respondent, Elena Power and Infrastructure Pvt. Ltd., did not appear despite being served notice. The Adjudicating Authority considered the CoC's decision and the relevant provisions of the IBC before ordering the liquidation.
The Committee of Creditors (CoC) passed a…
The Adjudicating Authority delivered an order…