The case involves an application (IA(IBC)/368/2022) filed in CP (IB) No. 174/10/AMR/2019 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. The application was filed by the Applicant/Liquidator of Ramana Sri Logistics Pvt Ltd, seeking several reliefs related to the sale of the Corporate Debtor as a going concern. The Corporate Insolvency Resolution Process (CIRP) was initiated against Ramana Sri Logistics Private Limited, and the company was later ordered into liquidation. An e-auction was conducted, and the company was sold as a going concern to Ms. Vaishnavi Bharadwaj. The application seeks to formalize the sale, transfer control to the successful bidder, and allow for the
…The Company Petition CP (IB) No.174/10/AMR/2019 was filed under section 10 of the Insolvency and Bankruptcy Code, 2016 to initiate CIRP against Ramana Sri Logistics Private Limited. The Tribunal admitted the petition on 2019-11-15. Mr. Pavan Kankani was appointed as Interim Resolution Professional (IRP), later replaced by Mr. B. Naga Bhushan Bhagawati. An application (IA No. 09/2021) was filed for liquidation of the Corporate Debtor, which was allowed. An order dated 2022-01-05 was issued for liquidation, and Ms. Kalpana G was appointed as Liquidator. The 4th Stakeholders Consultation Committee (SCC) meeting approved the sale of the Corporate Debtor as a going concern on 2022-07-19. An e-auction was conducted on 2022-08-01, and Ms. Vaishnavi Bharadwaj was the highest
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The Tribunal admitted the Company Petition CP…
An order was issued for the liquidation of the…
The case involves an application (IA(IBC)/368/2022) filed in CP (IB) No. 174/10/AMR/2019 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. The application was filed by the Applicant/Liquidator of Ramana Sri Logistics Pvt Ltd, seeking several reliefs related to the sale of the Corporate Debtor as a going concern. The Corporate Insolvency Resolution Process (CIRP) was initiated against Ramana Sri Logistics Private Limited, and the company was later ordered into liquidation. An e-auction was conducted, and the company was sold as a going concern to Ms. Vaishnavi Bharadwaj. The application seeks to formalize the sale, transfer control to the successful bidder, and allow for the
…The Company Petition CP (IB) No.174/10/AMR/2019 was filed under section 10 of the Insolvency and Bankruptcy Code, 2016 to initiate CIRP against Ramana Sri Logistics Private Limited. The Tribunal admitted the petition on 2019-11-15. Mr. Pavan Kankani was appointed as Interim Resolution Professional (IRP), later replaced by Mr. B. Naga Bhushan Bhagawati. An application (IA No. 09/2021) was filed for liquidation of the Corporate Debtor, which was allowed. An order dated 2022-01-05 was issued for liquidation, and Ms. Kalpana G was appointed as Liquidator. The 4th Stakeholders Consultation Committee (SCC) meeting approved the sale of the Corporate Debtor as a going concern on 2022-07-19. An e-auction was conducted on 2022-08-01, and Ms. Vaishnavi Bharadwaj was the highest
…The Tribunal admitted the Company Petition CP…
An order was issued for the liquidation of the…