The Interim Application (IA) was filed by the Liquidator of Khati Design Private Limited under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the dissolution of the company. The Adjudicating Authority had previously admitted an application under Section 9 of the IBC filed by the Operational Creditor against the Corporate Debtor. The Committee of Creditors (CoC) had dissented on the proposal to re-issue Form-G and extend the date of submission of the Expression of Interest (EOI) and proposed for the liquidation of the Corporate Debtor. The Adjudicating Authority commenced the liquidation process and appointed the Applicant as the Liquidator.
The Liquidator of Khati Design Private Limited filed an application for the dissolution of the company under Section 54(1) of the IBC. An earlier application under Section 9 of the IBC, filed by Sahil Agarwal (Operational Creditor), had been admitted against Khati Design Private Limited (Corporate Debtor). The Committee of Creditors (CoC) rejected a proposal to re-issue Form-G and instead proposed liquidation. The Adjudicating Authority initiated the liquidation process and appointed the Liquidator. The Liquidator received claims from financial and operational creditors, constituted a Stakeholders Consultation Committee (SCC), and conducted an E-Auction for the sale of the Corporate Debtor's assets. Rohit International Proprietor Rohit Kumar was declared the successful
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The Adjudicating Authority admitted the…
Expression of Interest ('EOI') was invited for…
Sign in to view related legal provisions.
The Interim Application (IA) was filed by the Liquidator of Khati Design Private Limited under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the dissolution of the company. The Adjudicating Authority had previously admitted an application under Section 9 of the IBC filed by the Operational Creditor against the Corporate Debtor. The Committee of Creditors (CoC) had dissented on the proposal to re-issue Form-G and extend the date of submission of the Expression of Interest (EOI) and proposed for the liquidation of the Corporate Debtor. The Adjudicating Authority commenced the liquidation process and appointed the Applicant as the Liquidator.
The Liquidator of Khati Design Private Limited filed an application for the dissolution of the company under Section 54(1) of the IBC. An earlier application under Section 9 of the IBC, filed by Sahil Agarwal (Operational Creditor), had been admitted against Khati Design Private Limited (Corporate Debtor). The Committee of Creditors (CoC) rejected a proposal to re-issue Form-G and instead proposed liquidation. The Adjudicating Authority initiated the liquidation process and appointed the Liquidator. The Liquidator received claims from financial and operational creditors, constituted a Stakeholders Consultation Committee (SCC), and conducted an E-Auction for the sale of the Corporate Debtor's assets. Rohit International Proprietor Rohit Kumar was declared the successful
…The Adjudicating Authority admitted the…
Expression of Interest ('EOI') was invited for…
Sign in to view related legal provisions.