The application seeks the appointment of a new liquidator in place of Mr. Palaniappan. The Stakeholders Consultation Committee (SCC) recommended this change in its meeting on February 12, 2025, and suggested Mr. Ragavendran as the new liquidator. The corporate debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on April 23, 2018, and Mr. N. Ravindranath was appointed as the Interim Resolution Professional. Subsequently, the Committee of Creditors (CoC) resolved to appoint Mr. Ram Ratan Konoongoo as the Resolution Professional, which was approved on June 21, 2018. The CoC recommended liquidating the Corporate Debtor on September 19, 2018, and the liquidation process was initiated on January 3, 2020. Mr. Palaniappan was appointed as the Liquidator
…The Stakeholders Consultation Committee (SCC) filed an application seeking the appointment of a new liquidator to replace Mr. Palaniappan. The SCC recommended the replacement in a meeting held on February 12, 2025, and proposed Mr. Ragavendran as the new liquidator. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on April 23, 2018. Mr. N. Ravindranath was initially appointed as the Interim Resolution Professional. Subsequently, Mr. Ram Ratan Konoongoo was appointed as the Resolution Professional. The Committee of Creditors (CoC) recommended liquidation on September 19, 2018, and the liquidation process commenced on January 3, 2020. Mr. Palaniappan was appointed as the Liquidator on February 25, 2020. The liquidation process has
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Corporate Debtor…
Mr. Ram Ratan K…
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The application seeks the appointment of a new liquidator in place of Mr. Palaniappan. The Stakeholders Consultation Committee (SCC) recommended this change in its meeting on February 12, 2025, and suggested Mr. Ragavendran as the new liquidator. The corporate debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on April 23, 2018, and Mr. N. Ravindranath was appointed as the Interim Resolution Professional. Subsequently, the Committee of Creditors (CoC) resolved to appoint Mr. Ram Ratan Konoongoo as the Resolution Professional, which was approved on June 21, 2018. The CoC recommended liquidating the Corporate Debtor on September 19, 2018, and the liquidation process was initiated on January 3, 2020. Mr. Palaniappan was appointed as the Liquidator
…The Stakeholders Consultation Committee (SCC) filed an application seeking the appointment of a new liquidator to replace Mr. Palaniappan. The SCC recommended the replacement in a meeting held on February 12, 2025, and proposed Mr. Ragavendran as the new liquidator. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on April 23, 2018. Mr. N. Ravindranath was initially appointed as the Interim Resolution Professional. Subsequently, Mr. Ram Ratan Konoongoo was appointed as the Resolution Professional. The Committee of Creditors (CoC) recommended liquidation on September 19, 2018, and the liquidation process commenced on January 3, 2020. Mr. Palaniappan was appointed as the Liquidator on February 25, 2020. The liquidation process has
…Corporate Debtor…
Mr. Ram Ratan K…
Sign in to view related legal provisions.