The case pertains to an application filed under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 45 of the IBBI (Liquidation Process) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016, for the dissolution of the Corporate Person, M/s. Utility Agrotech Industries Pvt. Ltd., which was under voluntary liquidation. The corporate debtor was admitted into CIRP on 2021-03-16 and ordered for liquidation on 2021-10-08. The liquidator, Mr. Vikas Prakash Gupta, sought dissolution after liquidating the assets.
M/s. Utility Agrotech Industries Private Limited (Corporate Debtor) was under voluntary liquidation. The company was admitted into CIRP on 2021-03-16 and ordered for liquidation on 2021-10-08. Mr. Vikas Prakash Gupta was appointed as the liquidator. The liquidator constituted a consultation committee on 2021-12-07 and held the first Stakeholder's Consultation Committee Meeting on 2022-01-04. The liquidator held 13 meetings of the Stakeholder's Consultation Committee. The company's assets, consisting of three parcels of land (Block-1, Block-2, and Block-3), were sold through e-auctioning. The liquidator submitted a final report dated 2023-07-15 as per regulation 45 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The sale proceeds
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The case pertains to an application filed under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 45 of the IBBI (Liquidation Process) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016, for the dissolution of the Corporate Person, M/s. Utility Agrotech Industries Pvt. Ltd., which was under voluntary liquidation. The corporate debtor was admitted into CIRP on 2021-03-16 and ordered for liquidation on 2021-10-08. The liquidator, Mr. Vikas Prakash Gupta, sought dissolution after liquidating the assets.
M/s. Utility Agrotech Industries Private Limited (Corporate Debtor) was under voluntary liquidation. The company was admitted into CIRP on 2021-03-16 and ordered for liquidation on 2021-10-08. Mr. Vikas Prakash Gupta was appointed as the liquidator. The liquidator constituted a consultation committee on 2021-12-07 and held the first Stakeholder's Consultation Committee Meeting on 2022-01-04. The liquidator held 13 meetings of the Stakeholder's Consultation Committee. The company's assets, consisting of three parcels of land (Block-1, Block-2, and Block-3), were sold through e-auctioning. The liquidator submitted a final report dated 2023-07-15 as per regulation 45 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The sale proceeds
…The corporate debtor, M/s. Utility Agrotech…
The Bench orde…
Sign in to view related legal provisions.