An application, IA-6093/2025, was filed for the advancement of the hearing of the liquidation application (Liquidation.A-21/2024). Concurrently, the National Company Law Tribunal (NCLT) was to consider the liquidation of M/s. Nipman Fastners Industries Pvt. Ltd. (Corporate Debtor). This consideration was based on a resolution passed by the Committee of Creditors (CoC) in its 16th meeting on April 1, 2024, which approved the initiation of liquidation proceedings under Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC) with an 84.38% voting share.
An application, IA-6093/2025, was moved for the advancement of the hearing of Liquidation.A-21/2024.
The liquidation application (Liquidation.A-21/2024) was scheduled to be heard today, rendering IA-6093/2025 infructuous.
The 16th meeting of the Committee of Creditors (CoC) of M/s. Nipman Fastners Industries Pvt. Ltd. was held on 01.04.2024.
The CoC passed a resolution with 84.38% voting share to approve the filing of an application under Section 33 of the IBC, 2016, seeking liquidation of the Corporate Debtor and to fix the Liquidator's fee.
The CoC resolved to appoint Mr. Dharmendra Kumar (IBBI Reg. No. IBBI/IPA-003/IP-N00112/2017-2018/11264) as Liquidator for the Corporate Debtor, with fees prescribed by IBBI under Regulation 4(3) less a 65% discount.
…Sign in to view the parties.
16th meeting of the Committee of Creditors (CoC)…
Order delivered by the National Company Law…
Sign in to view related legal provisions.
An application, IA-6093/2025, was filed for the advancement of the hearing of the liquidation application (Liquidation.A-21/2024). Concurrently, the National Company Law Tribunal (NCLT) was to consider the liquidation of M/s. Nipman Fastners Industries Pvt. Ltd. (Corporate Debtor). This consideration was based on a resolution passed by the Committee of Creditors (CoC) in its 16th meeting on April 1, 2024, which approved the initiation of liquidation proceedings under Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC) with an 84.38% voting share.
An application, IA-6093/2025, was moved for the advancement of the hearing of Liquidation.A-21/2024.
The liquidation application (Liquidation.A-21/2024) was scheduled to be heard today, rendering IA-6093/2025 infructuous.
The 16th meeting of the Committee of Creditors (CoC) of M/s. Nipman Fastners Industries Pvt. Ltd. was held on 01.04.2024.
The CoC passed a resolution with 84.38% voting share to approve the filing of an application under Section 33 of the IBC, 2016, seeking liquidation of the Corporate Debtor and to fix the Liquidator's fee.
The CoC resolved to appoint Mr. Dharmendra Kumar (IBBI Reg. No. IBBI/IPA-003/IP-N00112/2017-2018/11264) as Liquidator for the Corporate Debtor, with fees prescribed by IBBI under Regulation 4(3) less a 65% discount.
…16th meeting of the Committee of Creditors (CoC)…
Order delivered by the National Company Law…
Sign in to view related legal provisions.