The case pertains to the liquidation of M/s. Fatheypori Gardens Private Limited under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) following an application by a Financial Creditor. Subsequently, the Tribunal ordered the liquidation of the Corporate Debtor and appointed a Liquidator. The Liquidator made public announcements, invited claims from stakeholders, and conducted e-auctions to sell the Corporate Debtor's immovable property. The financial creditors relinquished their security interest over the secured property.
On 2018-10-05, the Corporate Debtor, M/s. Fatheypori Gardens Private Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) following an application by the Financial Creditor. Subsequently, on 2019-06-04, the Tribunal ordered the liquidation of the Corporate Debtor and appointed a Liquidator. The Liquidator made public announcements in newspapers, including "Trinity Mirror" and "Makkal Kural", inviting claims from stakeholders with a deadline of 2019-07-04. The Liquidator submitted a Preliminary Report along with Asset Memorandum on 2019-08-14. The Liquidator opened a bank account in the name of "Fatheypori Gardens Private Limited - In Liquidation" on 2019-11-13. The Corporate Debtor had an immovable property consisting
…Sign in to view the parties.
The Corporate Debtor was admitted into…
The Tribunal ordered…
Sign in to view related legal provisions.
The case pertains to the liquidation of M/s. Fatheypori Gardens Private Limited under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) following an application by a Financial Creditor. Subsequently, the Tribunal ordered the liquidation of the Corporate Debtor and appointed a Liquidator. The Liquidator made public announcements, invited claims from stakeholders, and conducted e-auctions to sell the Corporate Debtor's immovable property. The financial creditors relinquished their security interest over the secured property.
On 2018-10-05, the Corporate Debtor, M/s. Fatheypori Gardens Private Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) following an application by the Financial Creditor. Subsequently, on 2019-06-04, the Tribunal ordered the liquidation of the Corporate Debtor and appointed a Liquidator. The Liquidator made public announcements in newspapers, including "Trinity Mirror" and "Makkal Kural", inviting claims from stakeholders with a deadline of 2019-07-04. The Liquidator submitted a Preliminary Report along with Asset Memorandum on 2019-08-14. The Liquidator opened a bank account in the name of "Fatheypori Gardens Private Limited - In Liquidation" on 2019-11-13. The Corporate Debtor had an immovable property consisting
…The Corporate Debtor was admitted into…
The Tribunal ordered…
Sign in to view related legal provisions.