The case pertains to an application filed by M/s Metro Transit Private Limited, the successful bidder for Powai Cubicles Private Limited (the Corporate Debtor), under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The Corporate Debtor was undergoing liquidation, and the applicant sought various reliefs and concessions to facilitate the smooth running of the Corporate Debtor as a going concern. The CIRP against the Corporate Debtor was initiated on 2021-02-26, and a liquidation order was passed on 2022-03-30. A public notice was issued on 2023-03-05 inviting potential bidders, and the applicant was declared the successful bidder on 2023-03-30 after participating in the e-auction. The applicant paid the entire
…M/s Metro Transit Private Limited is the successful bidder for Powai Cubicles Private Limited, the Corporate Debtor, which was undergoing liquidation. The CIRP was initiated on 2021-02-26, and a liquidation order was passed on 2022-03-30. A public notice was issued on 2023-03-05, and the applicant was declared the successful bidder on 2023-03-30 after participating in the e-auction. The applicant paid the entire sale consideration of Rs. 6,22,11,000/-. The Liquidator issued a Certificate of Sale dated 2023-04-28, declaring the applicant as the purchaser of the Corporate Debtor as a going concern. The immovable assets of the Corporate Debtor, including Block No. 1601, 1602, and 1604, Lodha Supremus, Saki Vihar Road, Mumbai, were transferred to the applicant. The
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CIRP against the…
The Adjudicating Authority passed a…
The case pertains to an application filed by M/s Metro Transit Private Limited, the successful bidder for Powai Cubicles Private Limited (the Corporate Debtor), under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The Corporate Debtor was undergoing liquidation, and the applicant sought various reliefs and concessions to facilitate the smooth running of the Corporate Debtor as a going concern. The CIRP against the Corporate Debtor was initiated on 2021-02-26, and a liquidation order was passed on 2022-03-30. A public notice was issued on 2023-03-05 inviting potential bidders, and the applicant was declared the successful bidder on 2023-03-30 after participating in the e-auction. The applicant paid the entire
…M/s Metro Transit Private Limited is the successful bidder for Powai Cubicles Private Limited, the Corporate Debtor, which was undergoing liquidation. The CIRP was initiated on 2021-02-26, and a liquidation order was passed on 2022-03-30. A public notice was issued on 2023-03-05, and the applicant was declared the successful bidder on 2023-03-30 after participating in the e-auction. The applicant paid the entire sale consideration of Rs. 6,22,11,000/-. The Liquidator issued a Certificate of Sale dated 2023-04-28, declaring the applicant as the purchaser of the Corporate Debtor as a going concern. The immovable assets of the Corporate Debtor, including Block No. 1601, 1602, and 1604, Lodha Supremus, Saki Vihar Road, Mumbai, were transferred to the applicant. The
…CIRP against the…
The Adjudicating Authority passed a…