The case pertains to the liquidation of M/s Mehta & Associates Fire Protection Systems Pvt. Ltd. The operational creditor, Tyco Fire & Security India Pvt. Ltd., initiated Corporate Insolvency Resolution Process (CIRP) 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. Nimai Gautam Shah as the Liquidator. The liquidator made public announcements inviting claims from stakeholders and creditors. The liquidator managed
…Tyco Fire & Security India Pvt. Ltd., the Operational Creditor, initiated 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 IRP and later confirmed as RP. The CoC resolved for liquidation with 100% voting on 11.01.2021. The Adjudicating Authority passed the liquidation order on 12.02.2021, appointing Mr. Nimai Gautam Shah as the Liquidator. The CD had two assets: an office building and financial assets (contracts). These assets were sold via e-auctions to Om Synergy Spacelink Pvt. Ltd. and Mr. Dharmesh Manilal Patel, respectively, realizing Rs. 93,00,000 and Rs. 48,35,500. The total realized amount was Rs. 1,40,50,000,
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Application under Section 9 of the IB Code…
Mr. Nimai Gautam Shah…
The case pertains to the liquidation of M/s Mehta & Associates Fire Protection Systems Pvt. Ltd. The operational creditor, Tyco Fire & Security India Pvt. Ltd., initiated Corporate Insolvency Resolution Process (CIRP) 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. Nimai Gautam Shah as the Liquidator. The liquidator made public announcements inviting claims from stakeholders and creditors. The liquidator managed
…Tyco Fire & Security India Pvt. Ltd., the Operational Creditor, initiated 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 IRP and later confirmed as RP. The CoC resolved for liquidation with 100% voting on 11.01.2021. The Adjudicating Authority passed the liquidation order on 12.02.2021, appointing Mr. Nimai Gautam Shah as the Liquidator. The CD had two assets: an office building and financial assets (contracts). These assets were sold via e-auctions to Om Synergy Spacelink Pvt. Ltd. and Mr. Dharmesh Manilal Patel, respectively, realizing Rs. 93,00,000 and Rs. 48,35,500. The total realized amount was Rs. 1,40,50,000,
…Application under Section 9 of the IB Code…
Mr. Nimai Gautam Shah…