M/s Talwar Cars Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on January 9, 2023, and subsequently into liquidation on April 25, 2024, with Mr. Santosh Bhatia appointed as the liquidator. The liquidator filed an application under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of the Corporate Debtor, along with the final report and compliance certificate in Form H. The liquidation process involved selling available assets and addressing pending arbitration proceedings between the Corporate Debtor and Volvo Auto India Pvt. Ltd. for approximately Rs. 100 crores.
M/s Talwar Cars Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on January 9, 2023.
A liquidation order was passed on April 25, 2024, and Mr. Santosh Bhatia was appointed as the liquidator.
The liquidator issued a public announcement on May 2, 2024, in Form B under Regulation 12 of the Liquidation Regulations 2016, inviting claims from stakeholders by May 23, 2024.
The liquidator sold 3 damaged cars and handed over the sale proceeds of Rs.15,00,000/- to the Central Bank of India.
Arbitration proceedings are ongoing between the Corporate Debtor and Volvo Auto India Pvt. Ltd. claiming nearly Rs.100 crores.
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M/s Talwar Cars Private Limited (CD) was…
Liquidation order passed in IA No.7 of 2024,…
M/s Talwar Cars Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on January 9, 2023, and subsequently into liquidation on April 25, 2024, with Mr. Santosh Bhatia appointed as the liquidator. The liquidator filed an application under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of the Corporate Debtor, along with the final report and compliance certificate in Form H. The liquidation process involved selling available assets and addressing pending arbitration proceedings between the Corporate Debtor and Volvo Auto India Pvt. Ltd. for approximately Rs. 100 crores.
M/s Talwar Cars Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on January 9, 2023.
A liquidation order was passed on April 25, 2024, and Mr. Santosh Bhatia was appointed as the liquidator.
The liquidator issued a public announcement on May 2, 2024, in Form B under Regulation 12 of the Liquidation Regulations 2016, inviting claims from stakeholders by May 23, 2024.
The liquidator sold 3 damaged cars and handed over the sale proceeds of Rs.15,00,000/- to the Central Bank of India.
Arbitration proceedings are ongoing between the Corporate Debtor and Volvo Auto India Pvt. Ltd. claiming nearly Rs.100 crores.
…M/s Talwar Cars Private Limited (CD) was…
Liquidation order passed in IA No.7 of 2024,…