The application, IA No.170/2021 in CP (IB) No.344/ALD/2018, was filed for the dissolution of the Corporate Debtor, Komorebi Exports Private Limited, under Section 54 of the Insolvency & Bankruptcy Code, 2016, read with Regulation 45 of the IBBI (Liquidation Process) Regulations, 2016. The CIRP was initiated under Section 9 of IBC, and Mr. Sarvesh Kashyap was appointed as IRP and later as Liquidator. A public announcement was made inviting claims from stakeholders. A liquidation account was opened, and claims were collated and verified. The liquidator prepared and submitted an Asset Memorandum and Progress Reports.
The application IA No.170/2021 was filed for the dissolution of Komorebi Exports Private Limited. The CIRP was initiated under Section 9 of IBC, with Sarvesh Kashyap appointed as IRP and later as Liquidator. A public announcement was made, inviting claims from stakeholders. A liquidation account was opened. The total liquidation value of Plant & Machinery was Rs.14,67,890/-, and Financial Assets were Rs.34,402/-. The sole Financial Creditor did not relinquish rights over secured assets under Section 52 of IBC. Secured assets were sold for Rs.7,50,000/-. The Liquidator advertised for E-auction. CIRP incurred Rs.16,41,971/- and liquidation cost Rs.16,60,846.58. The sole secured financial creditor reimbursed Rs.7,50,000/-. The Resolution Professional filed an
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The Corporate…
Application under section 9 of IBC for…
The application, IA No.170/2021 in CP (IB) No.344/ALD/2018, was filed for the dissolution of the Corporate Debtor, Komorebi Exports Private Limited, under Section 54 of the Insolvency & Bankruptcy Code, 2016, read with Regulation 45 of the IBBI (Liquidation Process) Regulations, 2016. The CIRP was initiated under Section 9 of IBC, and Mr. Sarvesh Kashyap was appointed as IRP and later as Liquidator. A public announcement was made inviting claims from stakeholders. A liquidation account was opened, and claims were collated and verified. The liquidator prepared and submitted an Asset Memorandum and Progress Reports.
The application IA No.170/2021 was filed for the dissolution of Komorebi Exports Private Limited. The CIRP was initiated under Section 9 of IBC, with Sarvesh Kashyap appointed as IRP and later as Liquidator. A public announcement was made, inviting claims from stakeholders. A liquidation account was opened. The total liquidation value of Plant & Machinery was Rs.14,67,890/-, and Financial Assets were Rs.34,402/-. The sole Financial Creditor did not relinquish rights over secured assets under Section 52 of IBC. Secured assets were sold for Rs.7,50,000/-. The Liquidator advertised for E-auction. CIRP incurred Rs.16,41,971/- and liquidation cost Rs.16,60,846.58. The sole secured financial creditor reimbursed Rs.7,50,000/-. The Resolution Professional filed an
…The Corporate…
Application under section 9 of IBC for…