The case involves an application under Section 54 of the Insolvency & Bankruptcy Code, 2016, and Sub-Regulation 3(b) of Regulation 45 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, for the dissolution of Oxford Facilities Management, the Corporate Debtor. Avaani Oxford Owners Association, the Financial Creditor, initiated the process. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 13.03.2020, and Ms. Sneh Maheswari was appointed as the Interim Resolution Professional, later confirmed as the Resolution Professional. The Committee of Creditors (CoC) approved the liquidation of the Corporate Debtor with a 100% voting share on 05.09.2020, and an order for liquidation was passed on
…Avaani Oxford Owners Association initiated proceedings as a Financial Creditor against Oxford Facilities Management, the Corporate Debtor. The Corporate Debtor was admitted into CIRP on 13.03.2020, with Sneh Maheswari appointed as Interim Resolution Professional and later confirmed as Resolution Professional. The CoC approved liquidation on 05.09.2020 with 100% voting share, and liquidation order was passed on 30.12.2022, appointing Sneh Maheswari as Liquidator. Public announcement of liquidation was made on 02.01.2023. Three Stakeholders Consultation Committee meetings were held during the liquidation period. The primary asset was a fixed deposit of Rs. 3.6 crores. Avaani Oxford Owners' Association had an admissible claim of Rs. 4,73,16,865.53. The liquidation period
…Sign in to view the parties.
Corporate Debtor…
Ms. Sneh Maheswari…
The case involves an application under Section 54 of the Insolvency & Bankruptcy Code, 2016, and Sub-Regulation 3(b) of Regulation 45 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, for the dissolution of Oxford Facilities Management, the Corporate Debtor. Avaani Oxford Owners Association, the Financial Creditor, initiated the process. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 13.03.2020, and Ms. Sneh Maheswari was appointed as the Interim Resolution Professional, later confirmed as the Resolution Professional. The Committee of Creditors (CoC) approved the liquidation of the Corporate Debtor with a 100% voting share on 05.09.2020, and an order for liquidation was passed on
…Avaani Oxford Owners Association initiated proceedings as a Financial Creditor against Oxford Facilities Management, the Corporate Debtor. The Corporate Debtor was admitted into CIRP on 13.03.2020, with Sneh Maheswari appointed as Interim Resolution Professional and later confirmed as Resolution Professional. The CoC approved liquidation on 05.09.2020 with 100% voting share, and liquidation order was passed on 30.12.2022, appointing Sneh Maheswari as Liquidator. Public announcement of liquidation was made on 02.01.2023. Three Stakeholders Consultation Committee meetings were held during the liquidation period. The primary asset was a fixed deposit of Rs. 3.6 crores. Avaani Oxford Owners' Association had an admissible claim of Rs. 4,73,16,865.53. The liquidation period
…Corporate Debtor…
Ms. Sneh Maheswari…