The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Raunak Mercantile and Trading Private Limited. The CIRP was initiated on 2019-10-14 based on an application by Katyayan Mercantile and Trading Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC). As no resolution plan was received, the Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 2021-03-15. The Tribunal approved the liquidation on 2022-12-08 and appointed a liquidator.
The Corporate Insolvency Resolution Process (CIRP) of Raunak Mercantile and Trading Private Limited was initiated on 2019-10-14 based on an application by Katyayan Mercantile and Trading Private Limited, the Operational Creditor. No resolution plan was received, leading the Committee of Creditors (CoC) to decide on 2021-03-15 to liquidate the Corporate Debtor. The Tribunal approved the liquidation on 2022-12-08 and appointed Mr. Ankur Kumar as the liquidator. Public announcements were made, and claims were invited from stakeholders with a submission deadline of 2023-01-21. The liquidator received claims and submitted a preliminary report stating that the assets of the Corporate Debtor were inventories. An e-auction was conducted on 2023-02-28, and the assets were sold
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Corporate Insolvency…
The members of the…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Raunak Mercantile and Trading Private Limited. The CIRP was initiated on 2019-10-14 based on an application by Katyayan Mercantile and Trading Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC). As no resolution plan was received, the Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 2021-03-15. The Tribunal approved the liquidation on 2022-12-08 and appointed a liquidator.
The Corporate Insolvency Resolution Process (CIRP) of Raunak Mercantile and Trading Private Limited was initiated on 2019-10-14 based on an application by Katyayan Mercantile and Trading Private Limited, the Operational Creditor. No resolution plan was received, leading the Committee of Creditors (CoC) to decide on 2021-03-15 to liquidate the Corporate Debtor. The Tribunal approved the liquidation on 2022-12-08 and appointed Mr. Ankur Kumar as the liquidator. Public announcements were made, and claims were invited from stakeholders with a submission deadline of 2023-01-21. The liquidator received claims and submitted a preliminary report stating that the assets of the Corporate Debtor were inventories. An e-auction was conducted on 2023-02-28, and the assets were sold
…Corporate Insolvency…
The members of the…