2022 (4) TMI 77

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....ator 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 Debtor was admitted under CIRP appointing Mr. Sandip Kumar Kejriwal as Interim Resolution Professional. Subsequently, he was replaced by Mr. Anish Agarwal as Resolution Professional vide order dated 31/08/2020. Having been not able to resolve the stressed assets of the Corporate Debtor for want of any resolution plan, at the request of the Resolution Professional, an order of liquidation was passed vide order dated 22/01/2021 appointing the Resolution Professional, Mr. Anish Agarwal, as a Liquidator. ....

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....s 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" (Hindi) inviting prospective bidders to bid on the blocks of assets of the company. On the same date Sale Notice for sister concern of the Corporate Debtor, viz., Maa Tara Ispat Industries Private Limited was also published. As per Sale Notice dated 02/09/2021 of the Corporate Debtor, the assets in Unit 2 & Unit 4 were to be sold with Unit 2 & Unit 3 of Maa Tara Ispat Industries Private Limited to a common buyer only due to nature of assets being intermingled. In response to the advertisements two bidders,....

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....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 under prescribed 'Form H' and the same is annexed to the application at pages 392 to 398. 12. The affairs of the Corporate Debtor were completely liquidated after realising the assets and distributing the amount to the stakeholders after complying with the provision of section 53 of the Code in the order of priority as mandated under the Act. Details of realisation and distribution have been specifically mentioned in 'Form-H' and Final Reports are annexed to the application at pages 392 to 398 and at page....