The case involves an application filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 45 of the Liquidation Process Regulations, by the Liquidator of Maa Tara Ferrotech Private Limited, seeking the dissolution of the Corporate Debtor. The Corporate Debtor was admitted into CIRP on 2020-03-13, and Mr. Sandip Kumar Kejriwal was appointed as Interim Resolution Professional, later replaced by Mr. Anish Agarwal. Due to the inability to resolve the stressed assets, a liquidation order was passed on 2021-01-22, appointing Mr. Anish Agarwal as Liquidator. Public announcement of the liquidation was made, and claims were invited from stakeholders. The Liquidator formed a Liquidation Estate under Section 36 of the Code.
Maa Tara Ferrotech Private Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) and subsequently liquidation. The Corporate Debtor was admitted into CIRP on 2020-03-13, with Mr. Sandip Kumar Kejriwal initially appointed as Interim Resolution Professional, later replaced by Mr. Anish Agarwal. Due to the inability to resolve the stressed assets, a liquidation order was passed on 2021-01-22, appointing Mr. Anish Agarwal as Liquidator. The Liquidator published a sale notice on 2021-09-02, inviting bids for the assets. Two bidders, Mr. Pawan Kumar Agarwal and Vishnu Engineering Corporation, submitted offers. Mr. Pawan Kumar Agarwal was declared the successful bidder. Vishnu Engineering Corporation filed an application challenging this
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Corporate Debtor admitted under CIRP; Mr.…
Mr. Anish Agarwal…
The case involves an application filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 45 of the Liquidation Process Regulations, by the Liquidator of Maa Tara Ferrotech Private Limited, seeking the dissolution of the Corporate Debtor. The Corporate Debtor was admitted into CIRP on 2020-03-13, and Mr. Sandip Kumar Kejriwal was appointed as Interim Resolution Professional, later replaced by Mr. Anish Agarwal. Due to the inability to resolve the stressed assets, a liquidation order was passed on 2021-01-22, appointing Mr. Anish Agarwal as Liquidator. Public announcement of the liquidation was made, and claims were invited from stakeholders. The Liquidator formed a Liquidation Estate under Section 36 of the Code.
Maa Tara Ferrotech Private Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) and subsequently liquidation. The Corporate Debtor was admitted into CIRP on 2020-03-13, with Mr. Sandip Kumar Kejriwal initially appointed as Interim Resolution Professional, later replaced by Mr. Anish Agarwal. Due to the inability to resolve the stressed assets, a liquidation order was passed on 2021-01-22, appointing Mr. Anish Agarwal as Liquidator. The Liquidator published a sale notice on 2021-09-02, inviting bids for the assets. Two bidders, Mr. Pawan Kumar Agarwal and Vishnu Engineering Corporation, submitted offers. Mr. Pawan Kumar Agarwal was declared the successful bidder. Vishnu Engineering Corporation filed an application challenging this
…Corporate Debtor admitted under CIRP; Mr.…
Mr. Anish Agarwal…