2022 (1) TMI 618

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.... Sudhakar, C.J. (President) And Hemant Kumar Sarangi, Member (T) For the Appellant : Niti Arora Sachar, Advocate ORDER Hemant Kumar Sarangi, Member (T) 1. The present application is being filed by the Liquidator, under Section 54 of the Insolvency and Bankruptcy Code, 2016 (1 & B Code'), r/w Regulations 44 and 45 of IBBI (Liquidation Process) Regulations, 2016, for the purpose of d....

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....r invitation of claims. The Liquidator also intimated all statutory authorities as applicable to the CD, as per the details available. 4. The Applicant states that, it has received claims only from the Unsecured Financial Creditors ("FC") and accordingly, the Liquidator has updated the list of claims received. 5. It is submitted that full claims received and admitted till date pursuant to th....

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....lable for sale. Further, no unsold property has been distributed to any stakeholder of the CD. 9. The Applicant further states that on 12.05.2020, the applicant has submitted the Second Progress report of liquidation process of the CD, along with the asset memorandum of CD, copy of preliminary report and receipt of submission of preliminary report, copy of public announcement made in the newspa....

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....r that the corporate debtor shall be dissolved from the date of that order and the corporate debtor shall be dissolved accordingly. (3) A copy of an order under sub-section (2) shall, within seven days from the date of such order, be forwarded to the authority with which the corporate debtor is registered." 12. In view of the above, all the assets of the CD have been completely liquida....