The case involves an application filed by the Liquidator of the Corporate Debtor, seeking exclusion of certain time periods from the liquidation process, waiver of a period, fixing a date for completion of liquidation, and other orders. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, M/s. Star Mineral Resources Private Limited, based on an application filed by the Operational Creditor, M/s. Platina Bulkers Private Limited. The Resolution Professional could not call for a resolution plan due to a lack of information, and liquidation was initiated. The Liquidator faced difficulties in obtaining information and receiving payments for expenses. The Liquidator filed applications seeking directions regarding payments and
…M/s. Platina Bulkers Private Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Star Mineral Resources Private Limited, the Corporate Debtor. The application was admitted, and CIRP was initiated on 17.12.2018. Mr. Akarsh Kashyap was appointed as an Interim Resolution Professional and later confirmed as Resolution Professional. Due to the absence of specific information relating to the assets, liabilities, and business operation of the Corporate Debtor, the Resolution Professional could not call for a Resolution Plan. Liquidation was initiated on 10.02.2020, and Mr. Naresh Kumar Bansal was appointed as the Liquidator. The Liquidator faced difficulties in obtaining information and receiving
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Company Petition (IB)-607(ND)/2018 was…
The Adjudicating Authority allowed the…
The case involves an application filed by the Liquidator of the Corporate Debtor, seeking exclusion of certain time periods from the liquidation process, waiver of a period, fixing a date for completion of liquidation, and other orders. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, M/s. Star Mineral Resources Private Limited, based on an application filed by the Operational Creditor, M/s. Platina Bulkers Private Limited. The Resolution Professional could not call for a resolution plan due to a lack of information, and liquidation was initiated. The Liquidator faced difficulties in obtaining information and receiving payments for expenses. The Liquidator filed applications seeking directions regarding payments and
…M/s. Platina Bulkers Private Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Star Mineral Resources Private Limited, the Corporate Debtor. The application was admitted, and CIRP was initiated on 17.12.2018. Mr. Akarsh Kashyap was appointed as an Interim Resolution Professional and later confirmed as Resolution Professional. Due to the absence of specific information relating to the assets, liabilities, and business operation of the Corporate Debtor, the Resolution Professional could not call for a Resolution Plan. Liquidation was initiated on 10.02.2020, and Mr. Naresh Kumar Bansal was appointed as the Liquidator. The Liquidator faced difficulties in obtaining information and receiving
…Company Petition (IB)-607(ND)/2018 was…
The Adjudicating Authority allowed the…