The case involves an application for the dissolution of Corporate Debtor M/s VRJ TRADERS Private Limited, filed by the Liquidator under Section 54 of the Insolvency & Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor through Company Petition no. (IB)-151/(ND)/2021, which was admitted on 22.12.2021. Mr. Alok Kumar Kuchhal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the RP. Subsequently, a liquidation order was passed on 13.09.2022, and the RP was appointed as the Liquidator. The liquidator issued public announcements, filed necessary forms with the Registrar of Companies, and opened a liquidation account. Claims were received from two operational creditors, and a
…M/s VRJ TRADERS Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated via Company Petition no. (IB)-151/(ND)/2021, admitted on 2021-12-22. Alok Kumar Kuchhal was appointed as IRP and later confirmed as RP. A liquidation order was passed on 2022-09-13, appointing the RP as Liquidator. The Liquidator made public announcements and filed Form INC-28 with the Registrar of Companies. A liquidation account was opened with HDFC Bank. Claims were received from two operational creditors totaling Rs. 25,325. A Stakeholders Consultation Committee was formed on 2022-10-14. The liquidator determined fresh valuation was not required. The average value of assets was estimated at Rs. 17,405. The total assets realized during liquidation were Rs. 15,753.44,
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Company Petition no. (IB)-151/(ND)/2021 was…
Mr. Alok Kumar Kuchhal…
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The case involves an application for the dissolution of Corporate Debtor M/s VRJ TRADERS Private Limited, filed by the Liquidator under Section 54 of the Insolvency & Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor through Company Petition no. (IB)-151/(ND)/2021, which was admitted on 22.12.2021. Mr. Alok Kumar Kuchhal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the RP. Subsequently, a liquidation order was passed on 13.09.2022, and the RP was appointed as the Liquidator. The liquidator issued public announcements, filed necessary forms with the Registrar of Companies, and opened a liquidation account. Claims were received from two operational creditors, and a
…M/s VRJ TRADERS Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated via Company Petition no. (IB)-151/(ND)/2021, admitted on 2021-12-22. Alok Kumar Kuchhal was appointed as IRP and later confirmed as RP. A liquidation order was passed on 2022-09-13, appointing the RP as Liquidator. The Liquidator made public announcements and filed Form INC-28 with the Registrar of Companies. A liquidation account was opened with HDFC Bank. Claims were received from two operational creditors totaling Rs. 25,325. A Stakeholders Consultation Committee was formed on 2022-10-14. The liquidator determined fresh valuation was not required. The average value of assets was estimated at Rs. 17,405. The total assets realized during liquidation were Rs. 15,753.44,
…Company Petition no. (IB)-151/(ND)/2021 was…
Mr. Alok Kumar Kuchhal…
Sign in to view related legal provisions.