The case pertains to an application filed under Section 54(1) r/w Section 60(5) of the Insolvency and Bankruptcy Code, 2016, for the dissolution of Good Value Marketing Co. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 28.12.2018, and Mr. Manoj Kumar Jain was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Public announcement was made, and the CoC was constituted. Despite inviting Expression of Interest (EoI), no EoI was received. Subsequently, the CoC approved the initiation of liquidation proceedings. The Tribunal ordered the liquidation of the Corporate Debtor on 01.07.2022 and appointed the Applicant as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Good Value Marketing Co. Ltd. on 28.12.2018. Manoj Kumar Jain was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Despite efforts to find a resolution applicant, no Expression of Interest (EoI) was received. Consequently, the Committee of Creditors (CoC) approved the initiation of liquidation proceedings. The Tribunal ordered the liquidation of the Corporate Debtor on 01.07.2022 and appointed the Applicant as the Liquidator. The Liquidator made public announcements, intimated statutory authorities, and opened a new bank account. Only one claim was received from an Operational Creditor for Rs. 1,41,748/-. A preliminary report indicated that
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The Tribunal initiated the Corporate…
The IRP made a…
The case pertains to an application filed under Section 54(1) r/w Section 60(5) of the Insolvency and Bankruptcy Code, 2016, for the dissolution of Good Value Marketing Co. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 28.12.2018, and Mr. Manoj Kumar Jain was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Public announcement was made, and the CoC was constituted. Despite inviting Expression of Interest (EoI), no EoI was received. Subsequently, the CoC approved the initiation of liquidation proceedings. The Tribunal ordered the liquidation of the Corporate Debtor on 01.07.2022 and appointed the Applicant as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Good Value Marketing Co. Ltd. on 28.12.2018. Manoj Kumar Jain was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Despite efforts to find a resolution applicant, no Expression of Interest (EoI) was received. Consequently, the Committee of Creditors (CoC) approved the initiation of liquidation proceedings. The Tribunal ordered the liquidation of the Corporate Debtor on 01.07.2022 and appointed the Applicant as the Liquidator. The Liquidator made public announcements, intimated statutory authorities, and opened a new bank account. Only one claim was received from an Operational Creditor for Rs. 1,41,748/-. A preliminary report indicated that
…The Tribunal initiated the Corporate…
The IRP made a…