The application IA(IBC)/616(CHE)/2023 was filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, by the Liquidator of the Corporate Debtor, Nag Yang Shoes Private Limited, seeking an order for the dissolution of the Corporate Debtor. The CIRP of the Corporate Debtor was initiated by the Tribunal on 14.09.2017, and the Applicant was appointed as Interim Resolution Professional (IRP) and later as Resolution Professional (RP). The liquidation of the Corporate Debtor was ordered on 06.04.2018. The applicant caused a public announcement on 11.04.2018, inviting claims from stakeholders, with a submission deadline of 06.05.2018. The applicant received a claim from the sole financial creditor for Rs. 33,26,91,286, and admitted Rs. 32,98,54,936. A liquidation bank
…The Corporate Debtor, Nag Yang Shoes Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) initiated by the Tribunal on 14.09.2017. The applicant was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Liquidation was ordered on 06.04.2018. A public announcement was made on 11.04.2018, inviting claims from stakeholders, with a deadline of 06.05.2018. The sole financial creditor filed a claim of Rs. 33,26,91,286, of which Rs. 32,98,54,936 was admitted. A liquidation bank account was opened on 28.04.2018. The Stakeholders Constitution Committee (SCC) was not initially formed as the regulation came into effect on 25.07.2019. The bank account was closed on 29.03.2023 after the sale and distribution of
…Sign in to view the parties.
CIRP of the Corporate…
Liquidation of the…
The application IA(IBC)/616(CHE)/2023 was filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, by the Liquidator of the Corporate Debtor, Nag Yang Shoes Private Limited, seeking an order for the dissolution of the Corporate Debtor. The CIRP of the Corporate Debtor was initiated by the Tribunal on 14.09.2017, and the Applicant was appointed as Interim Resolution Professional (IRP) and later as Resolution Professional (RP). The liquidation of the Corporate Debtor was ordered on 06.04.2018. The applicant caused a public announcement on 11.04.2018, inviting claims from stakeholders, with a submission deadline of 06.05.2018. The applicant received a claim from the sole financial creditor for Rs. 33,26,91,286, and admitted Rs. 32,98,54,936. A liquidation bank
…The Corporate Debtor, Nag Yang Shoes Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) initiated by the Tribunal on 14.09.2017. The applicant was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Liquidation was ordered on 06.04.2018. A public announcement was made on 11.04.2018, inviting claims from stakeholders, with a deadline of 06.05.2018. The sole financial creditor filed a claim of Rs. 33,26,91,286, of which Rs. 32,98,54,936 was admitted. A liquidation bank account was opened on 28.04.2018. The Stakeholders Constitution Committee (SCC) was not initially formed as the regulation came into effect on 25.07.2019. The bank account was closed on 29.03.2023 after the sale and distribution of
…CIRP of the Corporate…
Liquidation of the…