The case involves an application under Section 54 of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of Yash Smelter Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Agarwal Alloys (Operational Creditor) under Section 9 of the Code. The Applicant was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). Subsequently, liquidation was ordered, and the Applicant was appointed as the Liquidator. Public announcement of the liquidation was made, and the Liquidator opened a bank account for the Corporate Debtor. Several applications for extension of the liquidation period were filed, but the
…Agarwal Alloys, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Yash Smelter Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the petition on 25/07/2019. An Interim Resolution Professional (IRP) was appointed, who was later confirmed as the Resolution Professional (RP). Subsequently, on 27/01/2020, the Adjudicating Authority ordered the liquidation of the Corporate Debtor and appointed the RP as the Liquidator. The Liquidator made a public announcement on 01/02/2020, inviting claims from stakeholders. The Liquidator opened a bank account in the name of the Corporate Debtor. The Adjudicating Authority granted an extension of six months to
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Adjudicating Authority directed initiation of…
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The case involves an application under Section 54 of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of Yash Smelter Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Agarwal Alloys (Operational Creditor) under Section 9 of the Code. The Applicant was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). Subsequently, liquidation was ordered, and the Applicant was appointed as the Liquidator. Public announcement of the liquidation was made, and the Liquidator opened a bank account for the Corporate Debtor. Several applications for extension of the liquidation period were filed, but the
…Agarwal Alloys, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Yash Smelter Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the petition on 25/07/2019. An Interim Resolution Professional (IRP) was appointed, who was later confirmed as the Resolution Professional (RP). Subsequently, on 27/01/2020, the Adjudicating Authority ordered the liquidation of the Corporate Debtor and appointed the RP as the Liquidator. The Liquidator made a public announcement on 01/02/2020, inviting claims from stakeholders. The Liquidator opened a bank account in the name of the Corporate Debtor. The Adjudicating Authority granted an extension of six months to
…Adjudicating Authority directed initiation of…
Adjudicating Authority ordered liquidation of…