The case pertains to the liquidation process of M/s Mehta & Associates Fire Protection Systems Pvt. Ltd. initiated under Section 9 of the IB Code, 2016, by the operational creditor, Tyco Fire & Security India Pvt. Ltd. The application was admitted on 16.12.2020, and Mr. Nimai Gautam Shah was appointed as the Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). Subsequently, the Committee of Creditors (CoC) resolved for liquidation with 100% voting on 11.01.2021. The Adjudicating Authority passed the liquidation order on 12.02.2021, appointing Mr. Shah as the Liquidator. The Liquidator managed the Corporate Debtor (CD) as a going concern, generating profits. The application was filed for closure of the liquidation process under
…Tyco Fire & Security India Pvt. Ltd., the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s Mehta & Associates Fire Protection Systems Pvt. Ltd. under Section 9 of the IB Code, 2016. The application was admitted on 16.12.2020, and Mr. Nimai Gautam Shah was appointed as the Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). The Committee of Creditors (CoC) passed a resolution for liquidation with 100% voting on 11.01.2021. The Adjudicating Authority passed the liquidation order on 12.02.2021, appointing Mr. Shah as the Liquidator. The Liquidator managed the Corporate Debtor (CD) as a going concern and earned a profit of Rs. 6,00,000/-, which was paid to the Bank of Baroda, the sole
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The application filed by the Operational…
Mr. Nimai Gautam Shah…
The case pertains to the liquidation process of M/s Mehta & Associates Fire Protection Systems Pvt. Ltd. initiated under Section 9 of the IB Code, 2016, by the operational creditor, Tyco Fire & Security India Pvt. Ltd. The application was admitted on 16.12.2020, and Mr. Nimai Gautam Shah was appointed as the Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). Subsequently, the Committee of Creditors (CoC) resolved for liquidation with 100% voting on 11.01.2021. The Adjudicating Authority passed the liquidation order on 12.02.2021, appointing Mr. Shah as the Liquidator. The Liquidator managed the Corporate Debtor (CD) as a going concern, generating profits. The application was filed for closure of the liquidation process under
…Tyco Fire & Security India Pvt. Ltd., the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s Mehta & Associates Fire Protection Systems Pvt. Ltd. under Section 9 of the IB Code, 2016. The application was admitted on 16.12.2020, and Mr. Nimai Gautam Shah was appointed as the Interim Resolution Professional (IRP), later confirmed as Resolution Professional (RP). The Committee of Creditors (CoC) passed a resolution for liquidation with 100% voting on 11.01.2021. The Adjudicating Authority passed the liquidation order on 12.02.2021, appointing Mr. Shah as the Liquidator. The Liquidator managed the Corporate Debtor (CD) as a going concern and earned a profit of Rs. 6,00,000/-, which was paid to the Bank of Baroda, the sole
…The application filed by the Operational…
Mr. Nimai Gautam Shah…