2017 (10) TMI 1507

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....RDER Shri Viiai Pratap Singh, The company application filed by Nicco Corporation Limited u/s 10 of IBC 2016 was admitted on 18th Jan 2017.Sri Kunal Banerjee appointed as IRP, who was later on confirmed as Resolution Professional by COC. Resolution Process was to be completed by 16/07/2017. By recommendation of COC further 90 days, time was extended on 13.7.2017 for submission of resolution P....

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....ade a request that RP may be directed to call a meeting of COC to consider his proposal. Learned RP has stated in his report that on 9th Oct 2017 he received a proposal from one strategic investor M/S Shreekunj Securities Pvt Ltd. who had shown his interest to invest in the company. However, they were yet to submit a complete proposal, and as a result, nothing could be circulated to the  m....

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....tion as per provision Chapter 3 of Insolvency & Bankruptcy Code, 2016 read with Insolvency and Bankruptcy Board of India (Liquidation Process Regulation), 2016. Copy of the order may be sent to Registrar of Companies. The liquidator shall issue a public announcement stating that the corporate debtor Nicco Corporation Pvt Ltd. is in liquidation. The order of Moratorium passed under Section 14....