The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Meena Jewellers Exclusive Private Limited. The CIRP was initiated on 2019-11-26, but the company could not be revived, leading to a decision for liquidation. The liquidator was appointed, and various steps were taken, including reconstitution of the Stakeholders Consultation Committee (SCC), valuation of assets, and preparation of reports. The liquidation process faced delays and litigations, leading to an extension of the liquidation period. The liquidator filed an application for the dissolution of the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Meena Jewellers Exclusive Private Limited on 2019-11-26. Due to the inability to revive the company, the Committee of Creditors (COC) resolved for liquidation on 2020-08-05. A liquidator was appointed, who reconstituted the Stakeholders' Consultation Committee (SCC) and prepared an Asset Memorandum and Preliminary Report. The liquidator also filed applications for extension of the liquidation period due to delays and litigations. The liquidation value of the estate was estimated at Rs. 25,32,65,971, while the amount realized from the sale of the liquidation estate was Rs. 20,79,22,137. The liquidator filed a final report and a compliance certificate in Form-H, stating that all assets had been
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The Tribunal admitted the Corporate Debtor…
Appointment of…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Meena Jewellers Exclusive Private Limited. The CIRP was initiated on 2019-11-26, but the company could not be revived, leading to a decision for liquidation. The liquidator was appointed, and various steps were taken, including reconstitution of the Stakeholders Consultation Committee (SCC), valuation of assets, and preparation of reports. The liquidation process faced delays and litigations, leading to an extension of the liquidation period. The liquidator filed an application for the dissolution of the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Meena Jewellers Exclusive Private Limited on 2019-11-26. Due to the inability to revive the company, the Committee of Creditors (COC) resolved for liquidation on 2020-08-05. A liquidator was appointed, who reconstituted the Stakeholders' Consultation Committee (SCC) and prepared an Asset Memorandum and Preliminary Report. The liquidator also filed applications for extension of the liquidation period due to delays and litigations. The liquidation value of the estate was estimated at Rs. 25,32,65,971, while the amount realized from the sale of the liquidation estate was Rs. 20,79,22,137. The liquidator filed a final report and a compliance certificate in Form-H, stating that all assets had been
…The Tribunal admitted the Corporate Debtor…
Appointment of…