The case pertains to the dissolution of RJVJ Traders Pvt. Ltd., a corporate debtor, under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 14 of the Liquidation Regulations, 2016. CIRP proceedings were initiated on 2021-04-22, and Neha Firoda was appointed as the IRP. The Committee of Creditors (CoC) resolved to liquidate the corporate debtor due to insufficient assets to meet liabilities. An order for liquidation was passed on 2021-10-01, and Neha Firoda was appointed as Liquidator.
RJVJ Traders Pvt. Ltd. underwent CIRP proceedings initiated on 2021-04-22, leading to the appointment of Neha Firoda as IRP and subsequently as Liquidator. The CoC resolved to liquidate the company due to a lack of sufficient assets. A public announcement of liquidation was made, and claims totaling Rs. 3,18,52,826/- were admitted. The Stakeholders Consultation Committee (SCC) was formed. The realized assets amounted to Rs. 69,350/-, which were used for liquidation expenses. The Income Tax Department had no outstanding demands, and the ROC indicated a 'strike-off' status. The liquidator filed a final report. The company had liabilities of Rs 3,20,32,828/- and assets of Rs 1,57,756/-.
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CIRP proceeding…
Neha Firoda was appointed as the Interim…
The case pertains to the dissolution of RJVJ Traders Pvt. Ltd., a corporate debtor, under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 14 of the Liquidation Regulations, 2016. CIRP proceedings were initiated on 2021-04-22, and Neha Firoda was appointed as the IRP. The Committee of Creditors (CoC) resolved to liquidate the corporate debtor due to insufficient assets to meet liabilities. An order for liquidation was passed on 2021-10-01, and Neha Firoda was appointed as Liquidator.
RJVJ Traders Pvt. Ltd. underwent CIRP proceedings initiated on 2021-04-22, leading to the appointment of Neha Firoda as IRP and subsequently as Liquidator. The CoC resolved to liquidate the company due to a lack of sufficient assets. A public announcement of liquidation was made, and claims totaling Rs. 3,18,52,826/- were admitted. The Stakeholders Consultation Committee (SCC) was formed. The realized assets amounted to Rs. 69,350/-, which were used for liquidation expenses. The Income Tax Department had no outstanding demands, and the ROC indicated a 'strike-off' status. The liquidator filed a final report. The company had liabilities of Rs 3,20,32,828/- and assets of Rs 1,57,756/-.
CIRP proceeding…
Neha Firoda was appointed as the Interim…