The application was filed by the Liquidator of Mansi International Private Limited, the Corporate Debtor, under Section 35(1)(m) & (n) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 14 & 45(3)(b) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, seeking closure of the Liquidation Process by winding up/dissolution of the Corporate Debtor. The application was filed seeking early dissolution of the Corporate Debtor without following the process of inviting Expression of Interest in Form G, as there were no assets in the name of the Corporate Debtor.
Indiabulls Consumer Finance Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Mansi International Private Ltd. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 11.10.2019. Mr. Vijay Pitamber Lulla was appointed as the Resolution Professional (RP) on 13.03.2020. The CoC decided to opt for liquidation of the Corporate Debtor with 93.22% voting on 16.06.2022. The Tribunal passed the order for liquidation of the Corporate Debtor on 08.08.2022. The Liquidator made a Public Announcement on 18.08.2022. The Liquidator received and verified two claims from Financial Creditors (Bank of Maharashtra and Dhani Loans and Services Limited) and two claims from Operational Creditors. The Stakeholders
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Corporate Debtor admitted into Corporate…
Mr. Vijay Pitamber Lulla was appointed as the…
The application was filed by the Liquidator of Mansi International Private Limited, the Corporate Debtor, under Section 35(1)(m) & (n) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 14 & 45(3)(b) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, seeking closure of the Liquidation Process by winding up/dissolution of the Corporate Debtor. The application was filed seeking early dissolution of the Corporate Debtor without following the process of inviting Expression of Interest in Form G, as there were no assets in the name of the Corporate Debtor.
Indiabulls Consumer Finance Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Mansi International Private Ltd. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 11.10.2019. Mr. Vijay Pitamber Lulla was appointed as the Resolution Professional (RP) on 13.03.2020. The CoC decided to opt for liquidation of the Corporate Debtor with 93.22% voting on 16.06.2022. The Tribunal passed the order for liquidation of the Corporate Debtor on 08.08.2022. The Liquidator made a Public Announcement on 18.08.2022. The Liquidator received and verified two claims from Financial Creditors (Bank of Maharashtra and Dhani Loans and Services Limited) and two claims from Operational Creditors. The Stakeholders
…Corporate Debtor admitted into Corporate…
Mr. Vijay Pitamber Lulla was appointed as the…