The case pertains to IA No. 6280/ND/2022 filed by Mr. Sajeve Bhushan Deora, the liquidator of Orchid Salon Services Private Limited, seeking permission from the Adjudicating Authority to sell the Corporate Debtor (Noslar International Limited) as a going concern under Section 35(1)(f) r/w Section 60(5) of IBC 2016 and Regulation 32 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The liquidation process commenced on 28.02.2020, and Mr. Deora was appointed as the liquidator.
The Corporate Debtor, Noslar International Limited, is undergoing liquidation. The liquidation process commenced on 28.02.2020. Mr. Sajeve Bhushan Deora is the liquidator. The liquidator filed IA No. 6280/ND/2022 seeking permission to sell the Corporate Debtor as a going concern. Several e-auctions were conducted to sell the assets, including land, building, plant & machinery, and vehicles. The Stakeholders Consultation Committee (SCC) approved the sale of the Corporate Debtor as a going concern. Mr. Surender Kumar Bansal showed interest in purchasing the Corporate Debtor as a going concern and submitted a bank draft. The SCC passed resolutions regarding the sale of the Corporate Debtor as a going concern, including the assets and liabilities to be included in the
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Liquidation Process of…
Mr. Sajeve Bhushan…
The case pertains to IA No. 6280/ND/2022 filed by Mr. Sajeve Bhushan Deora, the liquidator of Orchid Salon Services Private Limited, seeking permission from the Adjudicating Authority to sell the Corporate Debtor (Noslar International Limited) as a going concern under Section 35(1)(f) r/w Section 60(5) of IBC 2016 and Regulation 32 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The liquidation process commenced on 28.02.2020, and Mr. Deora was appointed as the liquidator.
The Corporate Debtor, Noslar International Limited, is undergoing liquidation. The liquidation process commenced on 28.02.2020. Mr. Sajeve Bhushan Deora is the liquidator. The liquidator filed IA No. 6280/ND/2022 seeking permission to sell the Corporate Debtor as a going concern. Several e-auctions were conducted to sell the assets, including land, building, plant & machinery, and vehicles. The Stakeholders Consultation Committee (SCC) approved the sale of the Corporate Debtor as a going concern. Mr. Surender Kumar Bansal showed interest in purchasing the Corporate Debtor as a going concern and submitted a bank draft. The SCC passed resolutions regarding the sale of the Corporate Debtor as a going concern, including the assets and liabilities to be included in the
…Liquidation Process of…
Mr. Sajeve Bhushan…