The case involves an application filed by the Liquidator of M/s. RRP Housing Private Limited under Section 35(1)(b)&(d) and Section 60(5) of the Insolvency & Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following an application under Section 7 of the IBC, 2016, filed by M/s. Sri Adinath Enterprises. The CIRP was initiated on 29.12.2017, and a liquidation order was passed on 04.04.2019. The Liquidator sought cooperation from the erstwhile directors (Respondents No. 2 to 4) to hand over the original title deeds of land at Maraimalai Nagar, measuring 216.22 cents, but the title deeds were not provided. The Liquidator proceeded with the liquidation, conducted a public auction, and the 5th
…An application was filed by the Liquidator of M/s. RRP Housing Private Limited under Section 35(1)(b)&(d) and Section 60(5) of the Insolvency & Bankruptcy Code, 2016. The CIRP was initiated against the Corporate Debtor, M/s. RRP Housing Private Limited, based on an application filed by M/s. Sri Adinath Enterprises under Section 7 of the IBC, 2016. The CIRP commenced on 29.12.2017, and a liquidation order was issued on 04.04.2019. The Liquidator attempted to obtain the title deeds of land at Maraimalai Nagar (measuring 216.22 cents) from the erstwhile directors (Respondents No. 2 to 4), but they failed to provide them. The Liquidator proceeded with the liquidation process, including a public auction where the 5th Respondent emerged as the successful bidder for
…Sign in to view the parties.
Corporate Insolvency…
Order for liquidation…
The case involves an application filed by the Liquidator of M/s. RRP Housing Private Limited under Section 35(1)(b)&(d) and Section 60(5) of the Insolvency & Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following an application under Section 7 of the IBC, 2016, filed by M/s. Sri Adinath Enterprises. The CIRP was initiated on 29.12.2017, and a liquidation order was passed on 04.04.2019. The Liquidator sought cooperation from the erstwhile directors (Respondents No. 2 to 4) to hand over the original title deeds of land at Maraimalai Nagar, measuring 216.22 cents, but the title deeds were not provided. The Liquidator proceeded with the liquidation, conducted a public auction, and the 5th
…An application was filed by the Liquidator of M/s. RRP Housing Private Limited under Section 35(1)(b)&(d) and Section 60(5) of the Insolvency & Bankruptcy Code, 2016. The CIRP was initiated against the Corporate Debtor, M/s. RRP Housing Private Limited, based on an application filed by M/s. Sri Adinath Enterprises under Section 7 of the IBC, 2016. The CIRP commenced on 29.12.2017, and a liquidation order was issued on 04.04.2019. The Liquidator attempted to obtain the title deeds of land at Maraimalai Nagar (measuring 216.22 cents) from the erstwhile directors (Respondents No. 2 to 4), but they failed to provide them. The Liquidator proceeded with the liquidation process, including a public auction where the 5th Respondent emerged as the successful bidder for
…Corporate Insolvency…
Order for liquidation…