The case involves an application (IA-2276/2021) before the National Company Law Tribunal (NCLT), New Delhi Bench, concerning the liquidation of a corporate debtor. The Liquidator has submitted a report in compliance with a previous order dated 2022-07-15, available on the DMS. The Liquidator has provided an explanation for the difference between the liquidation value and the amount realized from the disposal of assets.
The case pertains to the liquidation process of a corporate debtor. The Liquidator submitted a report in compliance with the order dated 2022-07-15. The report is available on the DMS. The Liquidator provided an explanation for the difference between the liquidation value and the amount realized. The estimated liquidation value of the assets of the corporate debtor is Rs. 4,28,98,000, while the amount realized from the disposal of assets is Rs. 13,32,042. The IBBI counsel sought time to review the matter and file a report. The RD counsel undertook to inform the RoC about the developments and the requirement of filing a report. The matter is related to Section 54 of the IBC, concerning the dissolution of the company.
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The case involves an application (IA-2276/2021) before the National Company Law Tribunal (NCLT), New Delhi Bench, concerning the liquidation of a corporate debtor. The Liquidator has submitted a report in compliance with a previous order dated 2022-07-15, available on the DMS. The Liquidator has provided an explanation for the difference between the liquidation value and the amount realized from the disposal of assets.
The case pertains to the liquidation process of a corporate debtor. The Liquidator submitted a report in compliance with the order dated 2022-07-15. The report is available on the DMS. The Liquidator provided an explanation for the difference between the liquidation value and the amount realized. The estimated liquidation value of the assets of the corporate debtor is Rs. 4,28,98,000, while the amount realized from the disposal of assets is Rs. 13,32,042. The IBBI counsel sought time to review the matter and file a report. The RD counsel undertook to inform the RoC about the developments and the requirement of filing a report. The matter is related to Section 54 of the IBC, concerning the dissolution of the company.
Date of the order with…
Date on whi…