The case involves an application (I.A. (IB) No. 393/KB/2022) filed by the liquidator of Kolkata Conductor & Cable Private Limited, Mr. Suman Kumar Agarwal, in the corporate insolvency resolution process (CIRP) of the company (C.P. (IB) No. 145/KB/2018). The application seeks permission to jointly sell the land, factory shed, and boundary of the corporate debtor located at Pagladanga Road. The liquidator also requests permission to sell the assets of the corporate debtor (excluding the factory shed and boundary) on a standalone basis, determine the scrap value of the assets, and obtain cooperation from the respondents (Punjab National Bank and Nampa Steel and Power (India) Private Limited). The Adjudicating Authority had ordered liquidation of the Corporate Debtor
…Mr. Suman Kumar Agarwal, the liquidator of Kolkata Conductor & Cable Private Limited ("Corporate Debtor"), filed an application seeking permission to jointly sell the land, factory shed, and boundary of the corporate debtor located at Pagladanga Road. The liquidator also requested permission to sell the assets of the corporate debtor (excluding the factory shed and boundary) on a standalone basis, determine the scrap value of the assets, and obtain cooperation from the respondents (Punjab National Bank and Nampa Steel and Power (India) Private Limited). The Adjudicating Authority had ordered liquidation of the Corporate Debtor on 12 March 2019. The liquidator visited the registered office of the Corporate Debtor on 05 April 2019 but was denied access. The
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The case involves an application (I.A. (IB) No. 393/KB/2022) filed by the liquidator of Kolkata Conductor & Cable Private Limited, Mr. Suman Kumar Agarwal, in the corporate insolvency resolution process (CIRP) of the company (C.P. (IB) No. 145/KB/2018). The application seeks permission to jointly sell the land, factory shed, and boundary of the corporate debtor located at Pagladanga Road. The liquidator also requests permission to sell the assets of the corporate debtor (excluding the factory shed and boundary) on a standalone basis, determine the scrap value of the assets, and obtain cooperation from the respondents (Punjab National Bank and Nampa Steel and Power (India) Private Limited). The Adjudicating Authority had ordered liquidation of the Corporate Debtor
…Mr. Suman Kumar Agarwal, the liquidator of Kolkata Conductor & Cable Private Limited ("Corporate Debtor"), filed an application seeking permission to jointly sell the land, factory shed, and boundary of the corporate debtor located at Pagladanga Road. The liquidator also requested permission to sell the assets of the corporate debtor (excluding the factory shed and boundary) on a standalone basis, determine the scrap value of the assets, and obtain cooperation from the respondents (Punjab National Bank and Nampa Steel and Power (India) Private Limited). The Adjudicating Authority had ordered liquidation of the Corporate Debtor on 12 March 2019. The liquidator visited the registered office of the Corporate Debtor on 05 April 2019 but was denied access. The
…The Adjudicating…
The Applicant visited…