The Stakeholders Consultation Committee (SCC) of Shree Mahalaxmi Corporation Private Limited, represented by State Bank of India, filed an application under Section 60(5) of the IBC, 2016, seeking to replace the current liquidator, Mr. Debdas Chakraborty. The SCC unanimously resolved to replace Mr. Chakraborty with Mr. Vijender Sharma, citing the need for a common liquidator for the Corporate Debtor and its group companies due to interconnected transactions and common promoters/directors. The current liquidator had also not accepted reduced fees.
An Interlocutory Application (I.A. No. 1542/KB/2025) was filed under Section 60(5) of the IBC, 2016, seeking to replace the liquidator of Shree Mahalaxmi Corporation Private Limited.
The Applicant is the Stakeholders Consultation Committee (SCC) of Shree Mahalaxmi Corporation Private Limited, represented by the State Bank of India.
Mr. Debdas Chakraborty was the appointed liquidator for Shree Mahalaxmi Corporation Private Limited.
On 16.09.2025, the SCC unanimously resolved (100% voting) to replace Mr. Debdas Chakraborty with Mr. Vijender Sharma.
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The 2nd meeting of the Stakeholders…
The Interlocutory Application (I.A. No.…
The Stakeholders Consultation Committee (SCC) of Shree Mahalaxmi Corporation Private Limited, represented by State Bank of India, filed an application under Section 60(5) of the IBC, 2016, seeking to replace the current liquidator, Mr. Debdas Chakraborty. The SCC unanimously resolved to replace Mr. Chakraborty with Mr. Vijender Sharma, citing the need for a common liquidator for the Corporate Debtor and its group companies due to interconnected transactions and common promoters/directors. The current liquidator had also not accepted reduced fees.
An Interlocutory Application (I.A. No. 1542/KB/2025) was filed under Section 60(5) of the IBC, 2016, seeking to replace the liquidator of Shree Mahalaxmi Corporation Private Limited.
The Applicant is the Stakeholders Consultation Committee (SCC) of Shree Mahalaxmi Corporation Private Limited, represented by the State Bank of India.
Mr. Debdas Chakraborty was the appointed liquidator for Shree Mahalaxmi Corporation Private Limited.
On 16.09.2025, the SCC unanimously resolved (100% voting) to replace Mr. Debdas Chakraborty with Mr. Vijender Sharma.
…The 2nd meeting of the Stakeholders…
The Interlocutory Application (I.A. No.…