This is an application (IA 1877/2022) filed by Dhanestha Steels, through its proprietor Dinesh Yadav, in the matter of Sunil Hitech Engineers India Limited (in liquidation). The application seeks direction to the Liquidator, Avil Menezes, in the Corporate Insolvency Resolution Process (CIRP). The applicant seeks an injunction for stay in the e-auction process scheduled for July 14, 2022, pending the revocation of cancellation of sale to the applicant. The applicant also seeks to quash the E-auction notice dated June 13, 2022, and handover the assets, specifically mechanical items and inventory/scrap items in Karanpura, Jharkhand, which were allegedly already sold to the applicant as per auction notices dated November 28, 2022, and February 22, 2022. The Tribunal had
…Dhanestha Steels, through its proprietor Dinesh Yadav, filed an application (IA 1877/2022) in the matter of Sunil Hitech Engineers India Limited (in liquidation). The Corporate Debtor was under liquidation, ordered on June 25, 2019. The Liquidator, Avil Menezes, published auction notices for the sale of assets. Dhanestha Steels participated in the e-auction and was declared the highest bidder for 'Mechanical Items' in Auction Nos. 217683 and 223488. Dhanestha Steels made the balance consideration for the sale. The Liquidator failed to provide the exit gate pass, preventing Dhanestha Steels from collecting and transporting the items from the Karanpura, Jharkhand site. The Liquidator then sought to cancel the sale via email dated 27.5.2022 and published a new E-Auction
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Tribunal passed an…
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This is an application (IA 1877/2022) filed by Dhanestha Steels, through its proprietor Dinesh Yadav, in the matter of Sunil Hitech Engineers India Limited (in liquidation). The application seeks direction to the Liquidator, Avil Menezes, in the Corporate Insolvency Resolution Process (CIRP). The applicant seeks an injunction for stay in the e-auction process scheduled for July 14, 2022, pending the revocation of cancellation of sale to the applicant. The applicant also seeks to quash the E-auction notice dated June 13, 2022, and handover the assets, specifically mechanical items and inventory/scrap items in Karanpura, Jharkhand, which were allegedly already sold to the applicant as per auction notices dated November 28, 2022, and February 22, 2022. The Tribunal had
…Dhanestha Steels, through its proprietor Dinesh Yadav, filed an application (IA 1877/2022) in the matter of Sunil Hitech Engineers India Limited (in liquidation). The Corporate Debtor was under liquidation, ordered on June 25, 2019. The Liquidator, Avil Menezes, published auction notices for the sale of assets. Dhanestha Steels participated in the e-auction and was declared the highest bidder for 'Mechanical Items' in Auction Nos. 217683 and 223488. Dhanestha Steels made the balance consideration for the sale. The Liquidator failed to provide the exit gate pass, preventing Dhanestha Steels from collecting and transporting the items from the Karanpura, Jharkhand site. The Liquidator then sought to cancel the sale via email dated 27.5.2022 and published a new E-Auction
…Tribunal passed an…
Respondent published…