The case pertains to the dissolution of M/s. Sintex Oil and Gas Ltd, the Corporate Debtor, under Section 54 and 60(5) of the Insolvency and Bankruptcy Code, 2016. An application was filed by the liquidator, Mr. Nimai Gautam Shah. Previously, an operational creditor, M/s. M.G. Wells Solutions Pvt Ltd, had filed an application under Section 9 of the IBC, which was allowed, and the applicant was appointed as Interim Resolution Professional (IRP). The Committee of Creditors (CoC) passed a resolution to liquidate the Corporate Debtor. Public announcement of the liquidation was made, and the applicant received claims from stakeholders, forming a Consultation Committee (SCC).
Mr. Nimai Gautam Shah, the liquidator of M/s. Sintex Oil and Gas Ltd, filed an application under Section 54 and 60(5) of the IBC, 2016, for the dissolution of the Corporate Debtor. M/s. M.G. Wells Solutions Pvt Ltd, an operational creditor, had previously filed an application under Section 9 of the IBC, which was allowed, leading to the appointment of an Interim Resolution Professional (IRP). The CoC passed a resolution to liquidate the Corporate Debtor. A public announcement of the liquidation was made on 2022-12-10. The liquidator received claims from stakeholders and formed a Consultation Committee (SCC). The liquidator disposed of the Corporate Debtor's assets, which consisted of inventory and tools, through an auction. The liquidator opened a liquidation bank
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M/s. M.G. Wells Solutions Pvt Ltd.…
The application filed by M/s. M.G. Wells…
The case pertains to the dissolution of M/s. Sintex Oil and Gas Ltd, the Corporate Debtor, under Section 54 and 60(5) of the Insolvency and Bankruptcy Code, 2016. An application was filed by the liquidator, Mr. Nimai Gautam Shah. Previously, an operational creditor, M/s. M.G. Wells Solutions Pvt Ltd, had filed an application under Section 9 of the IBC, which was allowed, and the applicant was appointed as Interim Resolution Professional (IRP). The Committee of Creditors (CoC) passed a resolution to liquidate the Corporate Debtor. Public announcement of the liquidation was made, and the applicant received claims from stakeholders, forming a Consultation Committee (SCC).
Mr. Nimai Gautam Shah, the liquidator of M/s. Sintex Oil and Gas Ltd, filed an application under Section 54 and 60(5) of the IBC, 2016, for the dissolution of the Corporate Debtor. M/s. M.G. Wells Solutions Pvt Ltd, an operational creditor, had previously filed an application under Section 9 of the IBC, which was allowed, leading to the appointment of an Interim Resolution Professional (IRP). The CoC passed a resolution to liquidate the Corporate Debtor. A public announcement of the liquidation was made on 2022-12-10. The liquidator received claims from stakeholders and formed a Consultation Committee (SCC). The liquidator disposed of the Corporate Debtor's assets, which consisted of inventory and tools, through an auction. The liquidator opened a liquidation bank
…M/s. M.G. Wells Solutions Pvt Ltd.…
The application filed by M/s. M.G. Wells…