The application was filed by the liquidator, Rakesh Kumar Tulsyan, of Vipul S Plastocrafts Pvt. Ltd. (Corporate Debtor) against Omkara Asset Reconstruction Pvt. Ltd. (Respondent) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking direction to the respondent to pay the liquidation cost.
Rakesh Kumar Tulsyan, the Liquidator of Vipul S Plastocrafts Pvt. Ltd., filed an application against Omkara Asset Reconstruction Private Limited under Section 60(5) of the IBC, 2016.
Trimurti Services, an Operational Creditor, had initiated CIRP against Vipul S Plastocrafts Private Limited, which was admitted on March 11, 2019.
The Tribunal ordered the liquidation of the Corporate Debtor on November 23, 2023, appointing Rakesh Kumar Tulsyan as the Liquidator.
Omkara Asset Reconstruction Private Limited (OARPL) submitted a claim of INR 35,67,19,795/- but did not relinquish its security interest.
OARPL auctioned the Plant & Machinery for Rs. 85 Lakhs and the land and building for Rs. 1845 Lakhs.
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M/s. Trimurti Services filed a Company Petition…
This Tribunal vide an order dated 11th March…
The application was filed by the liquidator, Rakesh Kumar Tulsyan, of Vipul S Plastocrafts Pvt. Ltd. (Corporate Debtor) against Omkara Asset Reconstruction Pvt. Ltd. (Respondent) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking direction to the respondent to pay the liquidation cost.
Rakesh Kumar Tulsyan, the Liquidator of Vipul S Plastocrafts Pvt. Ltd., filed an application against Omkara Asset Reconstruction Private Limited under Section 60(5) of the IBC, 2016.
Trimurti Services, an Operational Creditor, had initiated CIRP against Vipul S Plastocrafts Private Limited, which was admitted on March 11, 2019.
The Tribunal ordered the liquidation of the Corporate Debtor on November 23, 2023, appointing Rakesh Kumar Tulsyan as the Liquidator.
Omkara Asset Reconstruction Private Limited (OARPL) submitted a claim of INR 35,67,19,795/- but did not relinquish its security interest.
OARPL auctioned the Plant & Machinery for Rs. 85 Lakhs and the land and building for Rs. 1845 Lakhs.
…M/s. Trimurti Services filed a Company Petition…
This Tribunal vide an order dated 11th March…