The case involves an application (IA(IBC)/1509(KB)2023) filed under section 54 of the Insolvency and Bankruptcy Code, 2016 ("IBC 2016") by the Liquidator of M/s. Enfield Apparels Limited, the Corporate Debtor, seeking dissolution of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 06/08/2018, and Mr. Kanchan Dutta was appointed as the Interim Resolution Professional (IRP). A liquidation order was passed on 04/04/2019, appointing the applicant as the Liquidator. Public announcements were made to invite stakeholders to submit their claims. The Corporate Debtor had two major assets: a leasehold factory unit and plant and machineries. E-auctions were conducted for the plant and machineries, and
…The Corporate Debtor, M/s. Enfield Apparels Limited, underwent CIRP initiated on 06/08/2018. Mr. Kanchan Dutta was appointed as IRP and later as Liquidator on 04/04/2019. The Corporate Debtor possessed two major assets: a leasehold factory unit consisting of 4 modules totaling 45,208 Sft. and plant and machineries. The Liquidator conducted e-auctions for the plant and machineries, with Anaadih Vincom Pvt. Ltd. declared as the successful buyer on 24/02/2020. The factory lease was granted by WBIDC for 99 years, and Cotton Casuals (India) Pvt. Ltd. was declared the successful bidder for the transfer of the residual lease period. A dispute arose regarding transfer fees payable to WBIDC, which was ultimately resolved after an appeal to NCLAT was dismissed on 17/12/2021. The
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CIRP was ini…
Liquidation order was…
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The case involves an application (IA(IBC)/1509(KB)2023) filed under section 54 of the Insolvency and Bankruptcy Code, 2016 ("IBC 2016") by the Liquidator of M/s. Enfield Apparels Limited, the Corporate Debtor, seeking dissolution of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 06/08/2018, and Mr. Kanchan Dutta was appointed as the Interim Resolution Professional (IRP). A liquidation order was passed on 04/04/2019, appointing the applicant as the Liquidator. Public announcements were made to invite stakeholders to submit their claims. The Corporate Debtor had two major assets: a leasehold factory unit and plant and machineries. E-auctions were conducted for the plant and machineries, and
…The Corporate Debtor, M/s. Enfield Apparels Limited, underwent CIRP initiated on 06/08/2018. Mr. Kanchan Dutta was appointed as IRP and later as Liquidator on 04/04/2019. The Corporate Debtor possessed two major assets: a leasehold factory unit consisting of 4 modules totaling 45,208 Sft. and plant and machineries. The Liquidator conducted e-auctions for the plant and machineries, with Anaadih Vincom Pvt. Ltd. declared as the successful buyer on 24/02/2020. The factory lease was granted by WBIDC for 99 years, and Cotton Casuals (India) Pvt. Ltd. was declared the successful bidder for the transfer of the residual lease period. A dispute arose regarding transfer fees payable to WBIDC, which was ultimately resolved after an appeal to NCLAT was dismissed on 17/12/2021. The
…CIRP was ini…
Liquidation order was…
Sign in to view related legal provisions.