The case involves an application (IA-2276/2021) where the Liquidator submits compliance with an order dated 2022-07-15 and has filed a report available on the DMS. The Liquidator has provided an explanation for the difference between the liquidation value and the amount realized. The court is not convinced by the explanation.
The Liquidator filed IA-2276/2021 and 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 from the disposal of assets. The amount realized is Rs. 13,32,042, while the estimated liquidation value is Rs. 4,28,98,000. The court is considering an application for the dissolution of the company under Section 54 of the IBC. The IBBI's counsel sought time to review the matter and file a report. The RD counsel undertook to inform the RoC about the developments.
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Date of the order that…
Order delivered…
The case involves an application (IA-2276/2021) where the Liquidator submits compliance with an order dated 2022-07-15 and has filed a report available on the DMS. The Liquidator has provided an explanation for the difference between the liquidation value and the amount realized. The court is not convinced by the explanation.
The Liquidator filed IA-2276/2021 and 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 from the disposal of assets. The amount realized is Rs. 13,32,042, while the estimated liquidation value is Rs. 4,28,98,000. The court is considering an application for the dissolution of the company under Section 54 of the IBC. The IBBI's counsel sought time to review the matter and file a report. The RD counsel undertook to inform the RoC about the developments.
Date of the order that…
Order delivered…