The case involves an Interlocutory Application (IA) filed by the liquidator of Taurus Exports Private Limited, seeking directions for the dissolution of the company under Section 54(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The Adjudicating Authority had admitted an application under Section 9 of the IBC filed by Uniword Telecom Limited (Operational Creditor) against Taurus Exports Private Limited (Corporate Debtor) on 05.03.2020. Liquidation proceedings were initiated on 18.02.2021, and the applicant was appointed as the liquidator. A public announcement was made on 02.03.2021 to invite claims from creditors, with a deadline of 28.03.2021.
…Uniword Telecom Limited initiated corporate insolvency resolution process against Taurus Exports Private Limited. The Adjudicating Authority admitted the application on 05.03.2020. Subsequently, liquidation proceedings were initiated on 18.02.2021, and a liquidator, Anoop Bhatia, was appointed. A public announcement was made on 02.03.2021, inviting claims from creditors with a deadline of 28.03.2021. The liquidator received claims from operational creditors. The liquidator liquidated the assets of the corporate debtor, including investments in shares, cash balances, and fixed deposits. The liquidator distributed the amounts to stakeholders as per Section 53 of the Code, 2016. The liquidator convened the 3rd meeting of the SCC on 25.06.2024, during which it was reported
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The case involves an Interlocutory Application (IA) filed by the liquidator of Taurus Exports Private Limited, seeking directions for the dissolution of the company under Section 54(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The Adjudicating Authority had admitted an application under Section 9 of the IBC filed by Uniword Telecom Limited (Operational Creditor) against Taurus Exports Private Limited (Corporate Debtor) on 05.03.2020. Liquidation proceedings were initiated on 18.02.2021, and the applicant was appointed as the liquidator. A public announcement was made on 02.03.2021 to invite claims from creditors, with a deadline of 28.03.2021.
…Uniword Telecom Limited initiated corporate insolvency resolution process against Taurus Exports Private Limited. The Adjudicating Authority admitted the application on 05.03.2020. Subsequently, liquidation proceedings were initiated on 18.02.2021, and a liquidator, Anoop Bhatia, was appointed. A public announcement was made on 02.03.2021, inviting claims from creditors with a deadline of 28.03.2021. The liquidator received claims from operational creditors. The liquidator liquidated the assets of the corporate debtor, including investments in shares, cash balances, and fixed deposits. The liquidator distributed the amounts to stakeholders as per Section 53 of the Code, 2016. The liquidator convened the 3rd meeting of the SCC on 25.06.2024, during which it was reported
…The Adjudicating Authority admitted the…
The Adjudicating Authority initiated the…
Sign in to view related legal provisions.