M/s. Kling Enterprises India Limited (Corporate Debtor) filed an application under Section 10 of IBC, 2016, which was admitted on 27th October 2022. Mr. Venkat Reddy Bathina was appointed as Interim Resolution Professional. The CoC resolved to appoint Mr. Venka Reddy Bathina as Resolution Professional. Two resolution plans were received but not approved by the CoC. The resolution plan did not receive the requisite majority even in the second e-voting window.
M/s. Kling Enterprises India Limited filed an application under Section 10 of IBC, 2016.
The application was admitted on 27th October 2022, and Mr. Venkat Reddy Bathina was appointed as Interim Resolution Professional.
The CoC appointed Mr. Venka Reddy Bathina as Resolution Professional.
Two resolution plans were received but not approved by the CoC.
The Resolution Professional filed an application for the commencement of liquidation.
Mr. Venka Reddy Bathina was appointed as Liquidator.
An e-auction was conducted, and a single bid of Rs.23,00,000/- was received from Smt. Shirisha Rani Singhu.
The liquidation period was extended by 3 months.
The Liquidator distributed the sale consideration to the stakeholders.
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Application under Section 10 of IBC, 2016…
Mr. Venkat Reddy Bathina was appointed as…
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M/s. Kling Enterprises India Limited (Corporate Debtor) filed an application under Section 10 of IBC, 2016, which was admitted on 27th October 2022. Mr. Venkat Reddy Bathina was appointed as Interim Resolution Professional. The CoC resolved to appoint Mr. Venka Reddy Bathina as Resolution Professional. Two resolution plans were received but not approved by the CoC. The resolution plan did not receive the requisite majority even in the second e-voting window.
M/s. Kling Enterprises India Limited filed an application under Section 10 of IBC, 2016.
The application was admitted on 27th October 2022, and Mr. Venkat Reddy Bathina was appointed as Interim Resolution Professional.
The CoC appointed Mr. Venka Reddy Bathina as Resolution Professional.
Two resolution plans were received but not approved by the CoC.
The Resolution Professional filed an application for the commencement of liquidation.
Mr. Venka Reddy Bathina was appointed as Liquidator.
An e-auction was conducted, and a single bid of Rs.23,00,000/- was received from Smt. Shirisha Rani Singhu.
The liquidation period was extended by 3 months.
The Liquidator distributed the sale consideration to the stakeholders.
…Application under Section 10 of IBC, 2016…
Mr. Venkat Reddy Bathina was appointed as…
Sign in to view related legal provisions.