The case pertains to an application by the Liquidator of Nvento Foods Technologies Pvt. Ltd. seeking dissolution of the Corporate Debtor under Sections 54 and 60(5) of the Insolvency & Bankruptcy Code, 2016, read with Regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition under Section 7 of the Code, which was admitted on 2017-08-23. Initially, Mr. Sanjay Lunkad was appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Rajeev Mannadiar. The CoC extended the CIRP period, but no resolution plan was received, leading to a decision to liquidate the Corporate Debtor on 2019-01-28, with the Applicant being
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Nvento Foods Technologies Pvt. Ltd. based on a petition under Section 7 of the Insolvency & Bankruptcy Code (IBC). The petition was admitted on 2017-08-23. Initially, Mr. Sanjay Lunkad was appointed as the Interim Resolution Professional (IRP), but he was later replaced by Mr. Rajeev Mannadiar. The Committee of Creditors (CoC) extended the CIRP period by 90 days. However, no resolution plan was received. Consequently, the CoC recommended that the Corporate Debtor be liquidated. An order for liquidation was passed on 2019-01-28, and the Applicant was appointed as the liquidator. The liquidator appointed two registered valuers, Mr. Sanjay Dayal and Mr. P Madhu, to value the Plant and Machinery.
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Company Pet…
Mr. Sanjay Lunkad was…
The case pertains to an application by the Liquidator of Nvento Foods Technologies Pvt. Ltd. seeking dissolution of the Corporate Debtor under Sections 54 and 60(5) of the Insolvency & Bankruptcy Code, 2016, read with Regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition under Section 7 of the Code, which was admitted on 2017-08-23. Initially, Mr. Sanjay Lunkad was appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Rajeev Mannadiar. The CoC extended the CIRP period, but no resolution plan was received, leading to a decision to liquidate the Corporate Debtor on 2019-01-28, with the Applicant being
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Nvento Foods Technologies Pvt. Ltd. based on a petition under Section 7 of the Insolvency & Bankruptcy Code (IBC). The petition was admitted on 2017-08-23. Initially, Mr. Sanjay Lunkad was appointed as the Interim Resolution Professional (IRP), but he was later replaced by Mr. Rajeev Mannadiar. The Committee of Creditors (CoC) extended the CIRP period by 90 days. However, no resolution plan was received. Consequently, the CoC recommended that the Corporate Debtor be liquidated. An order for liquidation was passed on 2019-01-28, and the Applicant was appointed as the liquidator. The liquidator appointed two registered valuers, Mr. Sanjay Dayal and Mr. P Madhu, to value the Plant and Machinery.
…Company Pet…
Mr. Sanjay Lunkad was…