The case involves an application under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The application was filed by the liquidator of Quantum Concrete LLP, seeking the dissolution of the corporate debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 01.01.2020, and subsequently, liquidation was ordered on 22.01.2021, with Mr. Sushil Agrawal appointed as the liquidator.
Mr. Vinod Kumar Agarwal is the Operational Creditor. Quantum Concrete LLP is the Corporate Debtor. The Adjudicating Authority admitted the Corporate Debtor into Corporate Insolvency Resolution Process (CIRP) on 01.01.2020 and appointed Mr. Satish Patodia as Interim Resolution Professional. Subsequently, Mr. Sushil Agarwal was appointed as Resolution Professional and later as Liquidator after the liquidation order was passed on 22.01.2021. Public announcement of the commencement of liquidation was made on 26.01.2021. The liquidator filed a Preliminary Report and Asset Memorandum with Hon'ble NCLT. The average liquidation value arrived by the registered valuers was Rs.32,19,450/-. The liquidator issued sale notice for sale of assets on 23.09.2021. Mr. Sanjay Kumar was
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The Adjudicating Authority admitted the…
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The case involves an application under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The application was filed by the liquidator of Quantum Concrete LLP, seeking the dissolution of the corporate debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 01.01.2020, and subsequently, liquidation was ordered on 22.01.2021, with Mr. Sushil Agrawal appointed as the liquidator.
Mr. Vinod Kumar Agarwal is the Operational Creditor. Quantum Concrete LLP is the Corporate Debtor. The Adjudicating Authority admitted the Corporate Debtor into Corporate Insolvency Resolution Process (CIRP) on 01.01.2020 and appointed Mr. Satish Patodia as Interim Resolution Professional. Subsequently, Mr. Sushil Agarwal was appointed as Resolution Professional and later as Liquidator after the liquidation order was passed on 22.01.2021. Public announcement of the commencement of liquidation was made on 26.01.2021. The liquidator filed a Preliminary Report and Asset Memorandum with Hon'ble NCLT. The average liquidation value arrived by the registered valuers was Rs.32,19,450/-. The liquidator issued sale notice for sale of assets on 23.09.2021. Mr. Sanjay Kumar was
…The Adjudicating Authority admitted the…
An order of liquidation…
Sign in to view related legal provisions.