The case involves an application filed under Section 54(2) of the Insolvency and Bankruptcy Code, 2016, read with regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, by the Liquidator of Maa Tara Ispat Industries Private Limited. The application seeks to consider and take on record the revised and final distribution schedule as per the Final Progress Report, and to dissolve the company. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 09.04.2019, and subsequently, an order of liquidation was passed on 21.02.2020. Mr. Anish Agarwal was appointed as the Liquidator.
Vaishno Engineer System Associates initiated insolvency proceedings against Maa Tara Ispat Industries Private Limited. The Adjudicating Authority admitted the Corporate Debtor into CIRP on 09.04.2019, appointing Mr. Pramod Kumar Singh as Interim Resolution Professional. Subsequently, liquidation was ordered on 21.02.2020, and Mr. Anish Agarwal was appointed as the Liquidator. Public announcement of the liquidation was made on 02.09.2021. The Corporate Debtor was not a going concern on the Liquidation Commencement Date, and its only asset was sold via private sale on 14.10.2021 for ₹30,11,000 + 18% GST. The Liquidator distributed the proceeds according to Section 53 of the Code. The affairs of the Corporate Debtor were completely liquidated, and the Liquidator sought
…Sign in to view the parties.
The Adjudicating Authority admitted the…
Appointment of Mr.…
The case involves an application filed under Section 54(2) of the Insolvency and Bankruptcy Code, 2016, read with regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, by the Liquidator of Maa Tara Ispat Industries Private Limited. The application seeks to consider and take on record the revised and final distribution schedule as per the Final Progress Report, and to dissolve the company. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 09.04.2019, and subsequently, an order of liquidation was passed on 21.02.2020. Mr. Anish Agarwal was appointed as the Liquidator.
Vaishno Engineer System Associates initiated insolvency proceedings against Maa Tara Ispat Industries Private Limited. The Adjudicating Authority admitted the Corporate Debtor into CIRP on 09.04.2019, appointing Mr. Pramod Kumar Singh as Interim Resolution Professional. Subsequently, liquidation was ordered on 21.02.2020, and Mr. Anish Agarwal was appointed as the Liquidator. Public announcement of the liquidation was made on 02.09.2021. The Corporate Debtor was not a going concern on the Liquidation Commencement Date, and its only asset was sold via private sale on 14.10.2021 for ₹30,11,000 + 18% GST. The Liquidator distributed the proceeds according to Section 53 of the Code. The affairs of the Corporate Debtor were completely liquidated, and the Liquidator sought
…The Adjudicating Authority admitted the…
Appointment of Mr.…