TMI Blog2022 (4) TMI 77X X X X Extracts X X X X X X X X Extracts X X X X ..... (KB)2018 - - - Dated:- 24-3-2022 - Rohit Kapoor, Member (J) And Harish Chander Suri, Member (T) For the Appellant : Rishav Banerjee and Siddhanth Makkar, Advocates ORDER Harish Chander Suri, Member (T) [IA (I.B.C.)156/KB/2022] 1. This Tribunal convened via video conference. 2. This is an application filed under section 54 of the Insolvency and Bankruptcy Code, 2016 (hereinafter called the Code ) read with regulation 45 of the Liquidation Process Regulations by the Liquidator of Maa Tara Ferrotech Private Limited (CIN: U27205JH2012PTC000812) (hereinafter called the Corporate Debtor ) praying for dissolution of the Corporate Debtor. 3. Vide order of this Adjudicating Authority dated 13/03/2020, the Corporate Deb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ited (a sister concern of the Corporate Debtor), which is also under Liquidation too; wherein the present applicant was also appointed as a Liquidator. In order to sell jointly the assets of both Maa Tara Ispat Industries Private Limited and Maa Tara Ferrotech Private Limited, an application being IA(IBC)468(KB)2021 in CP(IB)/1223(KB)2018 (Vaishno Engineer System Associates -vs- Maa Tara Ispat Industries Private Ltd.) was filed which was disposed of vide order dated 07/01/2022 as infructuous as the sale has already taken place. 6. In order to sell the assets of the company and in furtherance of the same the Liquidator had published a Sale Notice dated 02/09/2021 in Financial Express (English) all India Editions and Jharkhand Hindustan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Liquidator thereafter filed Preliminary Report as per regulation 13 of the Liquidation Process Regulations as well as Asset Memorandum as per regulation 34(4) of the Liquidation Process Regulations on 23/03/2021. 11. In compliance of regulation 15 of the Liquidation Process Regulations, the Liquidator has filed four Progress Reports from time to time before the Adjudicating Authority, and the final report as on 30/09/2021, disclosing all the material facts and information with respect to the liquidation process of the Corporate Debtor has been annexed to the application at pages 347 to 391. As per mandatory requirement under regulation 45(3) of the Liquidation Process Regulations, the Liquidator has prepared a compliance certificate unde ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
