The case pertains to the dissolution of M/s Kumar Aquatech Agencies Private Limited, a corporate debtor, under Section 54(1) of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated via an order dated 2022-06-03 under Section 9 of the IBC. Subsequently, a liquidation order was passed on 2023-02-13, and Mr. Dommeti Surya Rama Krishna Saibaba was appointed as the liquidator. The liquidator took possession of the corporate debtor's assets and properties to form a liquidation estate for asset realization through public auction. A public announcement was made in multiple newspapers on 2023-02-16. The liquidator verified claims and filed a list of stakeholders. The Resolution Professional filed a Preliminary Report
…The Corporate Insolvency Resolution Process (CIRP) for M/s Kumar Aquatech Agencies Private Limited was initiated under Section 9 of the IBC, with an order dated 2022-06-03. Subsequently, a liquidation order was issued on 2023-02-13, and Mr. Dommeti Surya Rama Krishna Saibaba was appointed as the liquidator. The liquidator took control of the corporate debtor's assets to facilitate their realization through public auction. A public announcement was made on 2023-02-16. The liquidator verified claims and filed a list of stakeholders. The Resolution Professional submitted a Preliminary Report and Asset Memorandum. A meeting of stakeholders on 2023-04-11 recommended early dissolution due to the absence of assets. The liquidation value of the corporate debtor was reported as
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Corporate Insolvency…
Liquidation order passed, and Mr. Dommeti…
The case pertains to the dissolution of M/s Kumar Aquatech Agencies Private Limited, a corporate debtor, under Section 54(1) of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated via an order dated 2022-06-03 under Section 9 of the IBC. Subsequently, a liquidation order was passed on 2023-02-13, and Mr. Dommeti Surya Rama Krishna Saibaba was appointed as the liquidator. The liquidator took possession of the corporate debtor's assets and properties to form a liquidation estate for asset realization through public auction. A public announcement was made in multiple newspapers on 2023-02-16. The liquidator verified claims and filed a list of stakeholders. The Resolution Professional filed a Preliminary Report
…The Corporate Insolvency Resolution Process (CIRP) for M/s Kumar Aquatech Agencies Private Limited was initiated under Section 9 of the IBC, with an order dated 2022-06-03. Subsequently, a liquidation order was issued on 2023-02-13, and Mr. Dommeti Surya Rama Krishna Saibaba was appointed as the liquidator. The liquidator took control of the corporate debtor's assets to facilitate their realization through public auction. A public announcement was made on 2023-02-16. The liquidator verified claims and filed a list of stakeholders. The Resolution Professional submitted a Preliminary Report and Asset Memorandum. A meeting of stakeholders on 2023-04-11 recommended early dissolution due to the absence of assets. The liquidation value of the corporate debtor was reported as
…Corporate Insolvency…
Liquidation order passed, and Mr. Dommeti…