The Applicant, CMA Shaikh Nafis Anjum, Liquidator of Suvidha Farming Allied Limited, filed an application under Sections 35 and 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions against the Respondents for extending cooperation, handing over physical possession of the Corporate Debtor's properties, declaring an auction sale as null and void, and directing concerned authorities to submit their claims.
The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor commenced on 21.09.2020.
The Applicant was appointed as the Interim Resolution Professional and later as the Liquidator.
An auction notice dated 10.08.2021 was issued by the Respondents in respect of the Corporate Debtor's properties.
The auction was conducted on 18.08.2021, prior to the order dated 09.12.2021, which restrained the sale of the properties.
The Respondents contended that the auction was conducted pursuant to an order dated 06.03.2021 passed by the Special Court, Dhamtari.
The Applicant argued that the auction was conducted during the subsistence of the moratorium period under Section 14 of the Insolvency and Bankruptcy Code, 2016.
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The Applicant, CMA Shaikh Nafis Anjum, Liquidator of Suvidha Farming Allied Limited, filed an application under Sections 35 and 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions against the Respondents for extending cooperation, handing over physical possession of the Corporate Debtor's properties, declaring an auction sale as null and void, and directing concerned authorities to submit their claims.
The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor commenced on 21.09.2020.
The Applicant was appointed as the Interim Resolution Professional and later as the Liquidator.
An auction notice dated 10.08.2021 was issued by the Respondents in respect of the Corporate Debtor's properties.
The auction was conducted on 18.08.2021, prior to the order dated 09.12.2021, which restrained the sale of the properties.
The Respondents contended that the auction was conducted pursuant to an order dated 06.03.2021 passed by the Special Court, Dhamtari.
The Applicant argued that the auction was conducted during the subsistence of the moratorium period under Section 14 of the Insolvency and Bankruptcy Code, 2016.
…Collector ord…
CIRP commen…