The application was filed by the liquidator under Regulation 33(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, seeking permission to sell the assets of the Corporate Debtor through private sale. The Corporate Insolvency Resolution Process (CIRP) of Harsh Speciality Coating Pvt. Ltd. was initiated on 2021-02-12. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 2021-10-19 and appointed Mrs. Reshma Mittal as the liquidator. The appointment was confirmed by the Tribunal on 2022-02-15. During liquidation, the liquidator found that the only remaining assets were expired old stock of chemicals, paints, water-based coating, polish, toners, and old furniture. The liquidator attempted to sell the goods
…The Corporate Insolvency Resolution Process (CIRP) of Harsh Speciality Coating Pvt. Ltd. was initiated by the Tribunal on 2021-02-12. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 2021-10-19 and appointed Mrs. Reshma Mittal as the liquidator. The Tribunal confirmed the appointment on 2022-02-15. The liquidator discovered that the Corporate Debtor's remaining assets consisted of expired old stock, including chemicals, paints, water-based coating, polish, toners, and old furniture. The liquidator attempted to sell these goods through e-auctions, publishing notices on 2022-06-20 in Financial Express and Jansatta newspapers. However, the e-auctions were unsuccessful, with only one bidder participating in the first auction, who did not turn
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The Corporate Insolvency Resolution Process…
The Committee of Creditors (CoC) decided to…
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The application was filed by the liquidator under Regulation 33(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, seeking permission to sell the assets of the Corporate Debtor through private sale. The Corporate Insolvency Resolution Process (CIRP) of Harsh Speciality Coating Pvt. Ltd. was initiated on 2021-02-12. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 2021-10-19 and appointed Mrs. Reshma Mittal as the liquidator. The appointment was confirmed by the Tribunal on 2022-02-15. During liquidation, the liquidator found that the only remaining assets were expired old stock of chemicals, paints, water-based coating, polish, toners, and old furniture. The liquidator attempted to sell the goods
…The Corporate Insolvency Resolution Process (CIRP) of Harsh Speciality Coating Pvt. Ltd. was initiated by the Tribunal on 2021-02-12. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 2021-10-19 and appointed Mrs. Reshma Mittal as the liquidator. The Tribunal confirmed the appointment on 2022-02-15. The liquidator discovered that the Corporate Debtor's remaining assets consisted of expired old stock, including chemicals, paints, water-based coating, polish, toners, and old furniture. The liquidator attempted to sell these goods through e-auctions, publishing notices on 2022-06-20 in Financial Express and Jansatta newspapers. However, the e-auctions were unsuccessful, with only one bidder participating in the first auction, who did not turn
…The Corporate Insolvency Resolution Process…
The Committee of Creditors (CoC) decided to…
Sign in to view related legal provisions.