The case involves an application filed by M/s Kalyan Toll Infrastructure Limited under Regulation 32A of the IBBI (Liquidation Process) Regulations, 2016, read with NCLT Rules, 2016, seeking approval of prayers made in the application. The financial creditor, M/s Abhimanyu Agro Private Limited, had filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the corporate debtor, Gajra Bevel Gears Limited. The Adjudicating Authority admitted the corporate debtor into the Corporate Insolvency Resolution Process (CIRP) on 12.06.2020 and appointed Mr. Navin Khandelwal as an Interim Resolution Professional. Due to the failure of CIRP, the Adjudicating Authority ordered the liquidation of the corporate debtor on 10.12.2021 and appointed Mr.
…M/s Abhimanyu Agro Private Limited, a financial creditor, initiated insolvency proceedings against Gajra Bevel Gears Limited, the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the corporate debtor into CIRP on 12.06.2020 and appointed Mr. Navin Khandelwal as an Interim Resolution Professional. Due to the failure of CIRP, the corporate debtor was ordered into liquidation on 10.12.2021, with Mr. Navin Khandelwal continuing as the liquidator. The liquidator issued a public notice on 14.11.2022, inviting bids for the acquisition of the company. M/s Kalyan Toll Infrastructure Limited submitted a bid of Rs 18,71,00,000/- and was declared the successful bidder in an e-auction held on 08.12.2022. A Letter of
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Adjudicating Authority admitted the corporate…
Adjudicating Authority ordered the liquidation…
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The case involves an application filed by M/s Kalyan Toll Infrastructure Limited under Regulation 32A of the IBBI (Liquidation Process) Regulations, 2016, read with NCLT Rules, 2016, seeking approval of prayers made in the application. The financial creditor, M/s Abhimanyu Agro Private Limited, had filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the corporate debtor, Gajra Bevel Gears Limited. The Adjudicating Authority admitted the corporate debtor into the Corporate Insolvency Resolution Process (CIRP) on 12.06.2020 and appointed Mr. Navin Khandelwal as an Interim Resolution Professional. Due to the failure of CIRP, the Adjudicating Authority ordered the liquidation of the corporate debtor on 10.12.2021 and appointed Mr.
…M/s Abhimanyu Agro Private Limited, a financial creditor, initiated insolvency proceedings against Gajra Bevel Gears Limited, the corporate debtor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the corporate debtor into CIRP on 12.06.2020 and appointed Mr. Navin Khandelwal as an Interim Resolution Professional. Due to the failure of CIRP, the corporate debtor was ordered into liquidation on 10.12.2021, with Mr. Navin Khandelwal continuing as the liquidator. The liquidator issued a public notice on 14.11.2022, inviting bids for the acquisition of the company. M/s Kalyan Toll Infrastructure Limited submitted a bid of Rs 18,71,00,000/- and was declared the successful bidder in an e-auction held on 08.12.2022. A Letter of
…Adjudicating Authority admitted the corporate…
Adjudicating Authority ordered the liquidation…
Sign in to view related legal provisions.