The case involves an application filed by the Liquidator of M/s. Solar Offset Printers Private Limited seeking an extension of the liquidation period. The Liquidator's counsel submitted that a successful bidder at an e-auction filed a Writ Petition before the High Court of Kerala, challenging the withdrawal of the letter of intent and cancellation of the sale. The Liquidator is a respondent in the Writ Petition. The counsel argued that the pending Writ Petition necessitates an extension of the liquidation period to complete the process. The 19th SCC meeting approved the resolution to extend the Liquidation Period.
M/s. Solar Offset Printers Private Limited is undergoing liquidation. The Liquidator filed an application seeking a 6-month extension of the liquidation period, from 30.08.2024 to 25.02.2025. A successful bidder at the e-auction dated 26.02.2024 filed Writ Petition No. 21631/2024 before the High Court of Kerala, challenging the withdrawal of the letter of intent and cancellation of the sale. The Liquidator is the 2nd respondent in the Writ Petition. The 19th SCC meeting held on 30.07.2024 unanimously approved the resolution to extend the Liquidation Period. The liquidation order was issued on 31.05.2023.
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The case involves an application filed by the Liquidator of M/s. Solar Offset Printers Private Limited seeking an extension of the liquidation period. The Liquidator's counsel submitted that a successful bidder at an e-auction filed a Writ Petition before the High Court of Kerala, challenging the withdrawal of the letter of intent and cancellation of the sale. The Liquidator is a respondent in the Writ Petition. The counsel argued that the pending Writ Petition necessitates an extension of the liquidation period to complete the process. The 19th SCC meeting approved the resolution to extend the Liquidation Period.
M/s. Solar Offset Printers Private Limited is undergoing liquidation. The Liquidator filed an application seeking a 6-month extension of the liquidation period, from 30.08.2024 to 25.02.2025. A successful bidder at the e-auction dated 26.02.2024 filed Writ Petition No. 21631/2024 before the High Court of Kerala, challenging the withdrawal of the letter of intent and cancellation of the sale. The Liquidator is the 2nd respondent in the Writ Petition. The 19th SCC meeting held on 30.07.2024 unanimously approved the resolution to extend the Liquidation Period. The liquidation order was issued on 31.05.2023.
The liquidation order…
Date of the e-auction…
Sign in to view related legal provisions.