This case involves an application (I.A. 4904/ND/2023) filed in CP(IB)-433/ND/2017 for the dissolution of the Corporate Debtor, M/s. SPM Auto Private Limited, under Section 54 of the Insolvency & Bankruptcy Code, 2016 (IBC). The Corporate Insolvency Resolution Process (CIRP) was initiated, and an order was passed on 17.10.2017 admitting the petition, with Mr. Nirmal Kumar Bhesoni appointed as the Interim Resolution Professional (IRP). Subsequently, an order was passed on 25.09.2018 to liquidate the Corporate Debtor as no resolution plan was received, and the Applicant, Mr. Vijender Sharma, was appointed as the Liquidator. The liquidator then took steps to sell the assets of the corporate debtor through auction.
The Corporate Insolvency Resolution Process (CIRP) against M/s. SPM Auto Private Limited was initiated, and the petition was admitted on 17.10.2017. Mr. Nirmal Kumar Bhesoni was appointed as the Interim Resolution Professional (IRP). Subsequently, on 25.09.2018, an order was passed to liquidate the Corporate Debtor as no resolution plan was received. Mr. Vijender Sharma was appointed as the Liquidator. The Liquidator published public announcements in Business Standard Newspaper on 15.02.2019 and 10.04.2019 to sell the assets of the Corporate Debtor through auctions. CERA Hospitality Hub was qualified to purchase the plant and machineries. DRY NUT Enterprise was the successful bidder for the Behror properties. M/s. JaiRaj Ancillaries Pvt. Ltd. was the successful bidder
…Sign in to view the parties.
The Tribunal admitted the petition for…
The Adjudicating Authority passed an order…
Sign in to view related legal provisions.
This case involves an application (I.A. 4904/ND/2023) filed in CP(IB)-433/ND/2017 for the dissolution of the Corporate Debtor, M/s. SPM Auto Private Limited, under Section 54 of the Insolvency & Bankruptcy Code, 2016 (IBC). The Corporate Insolvency Resolution Process (CIRP) was initiated, and an order was passed on 17.10.2017 admitting the petition, with Mr. Nirmal Kumar Bhesoni appointed as the Interim Resolution Professional (IRP). Subsequently, an order was passed on 25.09.2018 to liquidate the Corporate Debtor as no resolution plan was received, and the Applicant, Mr. Vijender Sharma, was appointed as the Liquidator. The liquidator then took steps to sell the assets of the corporate debtor through auction.
The Corporate Insolvency Resolution Process (CIRP) against M/s. SPM Auto Private Limited was initiated, and the petition was admitted on 17.10.2017. Mr. Nirmal Kumar Bhesoni was appointed as the Interim Resolution Professional (IRP). Subsequently, on 25.09.2018, an order was passed to liquidate the Corporate Debtor as no resolution plan was received. Mr. Vijender Sharma was appointed as the Liquidator. The Liquidator published public announcements in Business Standard Newspaper on 15.02.2019 and 10.04.2019 to sell the assets of the Corporate Debtor through auctions. CERA Hospitality Hub was qualified to purchase the plant and machineries. DRY NUT Enterprise was the successful bidder for the Behror properties. M/s. JaiRaj Ancillaries Pvt. Ltd. was the successful bidder
…The Tribunal admitted the petition for…
The Adjudicating Authority passed an order…
Sign in to view related legal provisions.