The case involves an application (IA-2514/2023) filed in the matter of an insolvency resolution process (IB-429(ND)/2019) concerning M/s. Tristar Global Infrastructure Private Limited, the Corporate Debtor. Punjab National Bank initiated the insolvency proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 28.08.2019, and a moratorium was declared. Mr. Arvind Garg was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. Subsequently, Mr. Arvind Garg, as the Liquidator, filed an application under Section 33(2) of the IBC for the liquidation of the Corporate Debtor, which was allowed on 12.10.2020. The liquidator then filed an application for the dissolution of the
…Punjab National Bank (PNB) initiated insolvency proceedings against M/s. Tristar Global Infrastructure Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on August 28, 2019, leading to a moratorium and the appointment of Mr. Arvind Garg as the Interim Resolution Professional, later confirmed as the Resolution Professional. Subsequently, Mr. Garg filed an application for liquidation under Section 33(2) of the IBC, which was approved on October 12, 2020. The Corporate Debtor's assets were completely liquidated. The liquidator then sought dissolution under Section 54(1) of the IBC. An application for avoidance of transactions (IA 520 of 2021) was pending. The consultative committee decided to explore
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The application under Section 9 of the IBC…
The Adjudicating Authority allowed the…
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The case involves an application (IA-2514/2023) filed in the matter of an insolvency resolution process (IB-429(ND)/2019) concerning M/s. Tristar Global Infrastructure Private Limited, the Corporate Debtor. Punjab National Bank initiated the insolvency proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 28.08.2019, and a moratorium was declared. Mr. Arvind Garg was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. Subsequently, Mr. Arvind Garg, as the Liquidator, filed an application under Section 33(2) of the IBC for the liquidation of the Corporate Debtor, which was allowed on 12.10.2020. The liquidator then filed an application for the dissolution of the
…Punjab National Bank (PNB) initiated insolvency proceedings against M/s. Tristar Global Infrastructure Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on August 28, 2019, leading to a moratorium and the appointment of Mr. Arvind Garg as the Interim Resolution Professional, later confirmed as the Resolution Professional. Subsequently, Mr. Garg filed an application for liquidation under Section 33(2) of the IBC, which was approved on October 12, 2020. The Corporate Debtor's assets were completely liquidated. The liquidator then sought dissolution under Section 54(1) of the IBC. An application for avoidance of transactions (IA 520 of 2021) was pending. The consultative committee decided to explore
…The application under Section 9 of the IBC…
The Adjudicating Authority allowed the…
Sign in to view related legal provisions.