The Resolution Professional (RP) filed an application under Section 33(1)(a) read with Section 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of M/s. Tushara Energy Ventures Private Limited, the Corporate Debtor. An earlier application under Section 19(2) was disposed of with directions for the suspended management to cooperate with the RP. A prospective resolution applicant withdrew their interest due to the Corporate Debtor's core asset being attached by the Income Tax Department as Benami Property. The Committee of Creditors (COC) unanimously decided to liquidate the Corporate Debtor as the CIRP period was ending.
Varnika Industries Pvt Ltd initiated Corporate Insolvency Resolution Process (CIRP) against Tushara Energy Ventures Pvt Ltd. The Resolution Professional (RP) filed an application IA 458/2022 in CP(IB) No.475/9/HDB/2019 under Section 33(1)(a) read with Section 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of Tushara Energy Ventures Private Limited. An earlier application under Section 19(2) was disposed of with directions for the suspended management to cooperate with the RP. A prospective resolution applicant withdrew their interest due to the Corporate Debtor's core asset being attached by the Income Tax Department as Benami Property. The Committee of Creditors (COC) unanimously decided to liquidate the Corporate Debtor as the CIRP period was
…Sign in to view the parties.
Application under Section 19(2) of the Code…
The CIRP peri…
The Resolution Professional (RP) filed an application under Section 33(1)(a) read with Section 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of M/s. Tushara Energy Ventures Private Limited, the Corporate Debtor. An earlier application under Section 19(2) was disposed of with directions for the suspended management to cooperate with the RP. A prospective resolution applicant withdrew their interest due to the Corporate Debtor's core asset being attached by the Income Tax Department as Benami Property. The Committee of Creditors (COC) unanimously decided to liquidate the Corporate Debtor as the CIRP period was ending.
Varnika Industries Pvt Ltd initiated Corporate Insolvency Resolution Process (CIRP) against Tushara Energy Ventures Pvt Ltd. The Resolution Professional (RP) filed an application IA 458/2022 in CP(IB) No.475/9/HDB/2019 under Section 33(1)(a) read with Section 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of Tushara Energy Ventures Private Limited. An earlier application under Section 19(2) was disposed of with directions for the suspended management to cooperate with the RP. A prospective resolution applicant withdrew their interest due to the Corporate Debtor's core asset being attached by the Income Tax Department as Benami Property. The Committee of Creditors (COC) unanimously decided to liquidate the Corporate Debtor as the CIRP period was
…Application under Section 19(2) of the Code…
The CIRP peri…