The case pertains to a Company Application filed by the Liquidator of M/s. R.A. Samy Trading Private Limited under Regulation 2B of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, read with sections 230 to 232 of the Companies Act, 2013, seeking directions for dispensing with the convening of a meeting of the stakeholders of the company under liquidation and fixing a date for the presentation of the company petition. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on an application by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016. Subsequently, the Tribunal ordered liquidation of the Corporate Debtor and appointed the applicant as the Liquidator.
…The Corporate Debtor, M/s. R.A. Samy Trading Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) initiated by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016. Subsequently, the Tribunal ordered liquidation and appointed the applicant, CA. Ashok Seshadri, as the Liquidator. The Liquidator filed a Company Application seeking dispensation of a stakeholders' meeting under Sections 230-232 of the Companies Act, 2013, to consider a Scheme of Arrangement proposed by Mr. C. Ganesh, a creditor and the 'Scheme Proponent'. The Stakeholders Consultation Committee (SCC) was duly constituted. The SCC held multiple meetings to consider the scheme. Several auction sales were conducted with decreasing reserve prices, but none were
…Sign in to view the parties.
The Corporate Debtor was admitted into…
The Tribunal ordered liquidation of the…
The case pertains to a Company Application filed by the Liquidator of M/s. R.A. Samy Trading Private Limited under Regulation 2B of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, read with sections 230 to 232 of the Companies Act, 2013, seeking directions for dispensing with the convening of a meeting of the stakeholders of the company under liquidation and fixing a date for the presentation of the company petition. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on an application by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016. Subsequently, the Tribunal ordered liquidation of the Corporate Debtor and appointed the applicant as the Liquidator.
…The Corporate Debtor, M/s. R.A. Samy Trading Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) initiated by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016. Subsequently, the Tribunal ordered liquidation and appointed the applicant, CA. Ashok Seshadri, as the Liquidator. The Liquidator filed a Company Application seeking dispensation of a stakeholders' meeting under Sections 230-232 of the Companies Act, 2013, to consider a Scheme of Arrangement proposed by Mr. C. Ganesh, a creditor and the 'Scheme Proponent'. The Stakeholders Consultation Committee (SCC) was duly constituted. The SCC held multiple meetings to consider the scheme. Several auction sales were conducted with decreasing reserve prices, but none were
…The Corporate Debtor was admitted into…
The Tribunal ordered liquidation of the…