The case involves an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, seeking reliefs related to an e-auction of the Corporate Debtor, Gopinath Dairy Products Pvt. Ltd.
The Tribunal initiated Corporate Insolvency Resolution Process (CIRP) of Gopinath Dairy Products Pvt. Ltd. on 09.02.2023.
Liquidation Process of the Corporate Debtor was initiated on 25.06.2024, and Mr. Lalit Kumar Dangi was appointed as the Liquidator.
The Respondent/Liquidator published e-auction notices for the sale of the Corporate Debtor as a going concern on 09.08.2024 and 12.09.2024.
The Applicant submitted an Expression of Interest (EOI) and participated in the e-auction conducted on 07.10.2024, being declared the successful bidder with a bid of Rs. 15,78,87,114/-.
The Respondent issued a letter of intent (LOI) requiring the Applicant to make the balance payment of Rs. 14,21,08,403/- on or before 05.11.2024.
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Corporate Insolvency Resolution Process (CIRP)…
Liquidation Process of the Corporate Debtor was…
The case involves an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, seeking reliefs related to an e-auction of the Corporate Debtor, Gopinath Dairy Products Pvt. Ltd.
The Tribunal initiated Corporate Insolvency Resolution Process (CIRP) of Gopinath Dairy Products Pvt. Ltd. on 09.02.2023.
Liquidation Process of the Corporate Debtor was initiated on 25.06.2024, and Mr. Lalit Kumar Dangi was appointed as the Liquidator.
The Respondent/Liquidator published e-auction notices for the sale of the Corporate Debtor as a going concern on 09.08.2024 and 12.09.2024.
The Applicant submitted an Expression of Interest (EOI) and participated in the e-auction conducted on 07.10.2024, being declared the successful bidder with a bid of Rs. 15,78,87,114/-.
The Respondent issued a letter of intent (LOI) requiring the Applicant to make the balance payment of Rs. 14,21,08,403/- on or before 05.11.2024.
…Corporate Insolvency Resolution Process (CIRP)…
Liquidation Process of the Corporate Debtor was…