The case involves an application to set aside an earlier order dated 09.12.2022, where the Tribunal had set aside the suspended management of the Applicant ex-parte. Additionally, the Resolution Professional (RP) filed an application seeking initiation of liquidation of the corporate debtor, contending that invitation Form -G has been published and no resolution plan has been received within the stipulated time. The corporate debtor is reported to have no assets. The CoC members unanimously agreed with 100% voting for liquidation and directed the applicant to file an application under Section 33 (1)(a) of the Code. The CoC also decided on the appointment and fees of the liquidator.
Gayatri Sea Foods and Feeds Pvt Ltd filed a Company Petition IB/275/2021 against Kumar Aquatech Agencies Pvt Ltd. An application was filed to set aside an order dated 09.12.2022, where the Tribunal had set the suspended management of the Applicant ex-parte. The counsel for the applicant, Shri Srinivasulu, submitted that he was unable to file Vakalat due to his mother's illness. The Resolution Professional (RP) filed an application seeking initiation of liquidation of the corporate debtor, contending that invitation Form -G has been published and no resolution plan has been received within time. The corporate debtor is reported to have no assets. In the 3rd COC meeting dated 15.11.2022, the members unanimously agreed with 100% voting for liquidation and directed the
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The 3rd COC meeting was held where members…
The Tribunal set the…
The case involves an application to set aside an earlier order dated 09.12.2022, where the Tribunal had set aside the suspended management of the Applicant ex-parte. Additionally, the Resolution Professional (RP) filed an application seeking initiation of liquidation of the corporate debtor, contending that invitation Form -G has been published and no resolution plan has been received within the stipulated time. The corporate debtor is reported to have no assets. The CoC members unanimously agreed with 100% voting for liquidation and directed the applicant to file an application under Section 33 (1)(a) of the Code. The CoC also decided on the appointment and fees of the liquidator.
Gayatri Sea Foods and Feeds Pvt Ltd filed a Company Petition IB/275/2021 against Kumar Aquatech Agencies Pvt Ltd. An application was filed to set aside an order dated 09.12.2022, where the Tribunal had set the suspended management of the Applicant ex-parte. The counsel for the applicant, Shri Srinivasulu, submitted that he was unable to file Vakalat due to his mother's illness. The Resolution Professional (RP) filed an application seeking initiation of liquidation of the corporate debtor, contending that invitation Form -G has been published and no resolution plan has been received within time. The corporate debtor is reported to have no assets. In the 3rd COC meeting dated 15.11.2022, the members unanimously agreed with 100% voting for liquidation and directed the
…The 3rd COC meeting was held where members…
The Tribunal set the…