The case involves an application for the dissolution of Vyas Mercantile Private Limited, a corporate debtor, under Section 54 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by a financial creditor under Section 7 of the IBC. Ankur Kumar was initially appointed as the Interim Resolution Professional. Subsequently, the Committee of Creditors (CoC) approved a resolution for the liquidation of the Corporate Debtor. Sachin Dharmendra Jain was appointed as the Liquidator. The liquidator then sought permission to dissolve the Corporate Debtor after liquidating all its assets.
On 16.03.2021, the Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against Vyas Mercantile Private Limited, following a petition filed by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. Ankur Kumar was appointed as the Interim Resolution Professional. On 23.09.2021, the CoC approved the resolution for liquidation. Sachin Dharmendra Jain was appointed as the Liquidator on 21.07.2023. The Liquidator made a public announcement on 24.07.2023, informing the public about the liquidation process. The assets of the Corporate Debtor, consisting of inventory of books, were sold through e-auction for Rs. 7,43,000/-. The Second Meeting of the Stakeholders' Consultation Committee was held on 10.08.2023. The Third
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The Adjudicating Authority initiated…
The Committee of Creditors (CoC) approved the…
The case involves an application for the dissolution of Vyas Mercantile Private Limited, a corporate debtor, under Section 54 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by a financial creditor under Section 7 of the IBC. Ankur Kumar was initially appointed as the Interim Resolution Professional. Subsequently, the Committee of Creditors (CoC) approved a resolution for the liquidation of the Corporate Debtor. Sachin Dharmendra Jain was appointed as the Liquidator. The liquidator then sought permission to dissolve the Corporate Debtor after liquidating all its assets.
On 16.03.2021, the Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against Vyas Mercantile Private Limited, following a petition filed by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. Ankur Kumar was appointed as the Interim Resolution Professional. On 23.09.2021, the CoC approved the resolution for liquidation. Sachin Dharmendra Jain was appointed as the Liquidator on 21.07.2023. The Liquidator made a public announcement on 24.07.2023, informing the public about the liquidation process. The assets of the Corporate Debtor, consisting of inventory of books, were sold through e-auction for Rs. 7,43,000/-. The Second Meeting of the Stakeholders' Consultation Committee was held on 10.08.2023. The Third
…The Adjudicating Authority initiated…
The Committee of Creditors (CoC) approved the…