2024 (8) TMI 668

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....led by Mr. Umesh Harjivandas Ved Liquidator of M/s Neuromed Imaging Centre Private Limited, Corporate Debtor, under Section 54 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as "IB Code") read with Regulation 45 of IBBI (Liquidation Process) Regulations, 2016 with a prayer to dissolve the Corporate Debtor i.e M/s Neuromed Imaging Centre Private Limited under Section 54 of the Insolvency and Bankruptcy Code, 2016 r.w Regulation 45 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. 2. The brief facts of the case are as under:- a) The Financial Creditor being Mahaveer Transport had filed an application under Section 7 of the IB Code, 2016 for initiation of Corporate Insolv....

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....inary Report under Reg. 13 and Asset Memorandum under Reg. 34 on 20.11.2020. e) It is submitted that there is one property situated at 403, Sakar-I, Nr. Gandhigram Railway Station, Opp. Nehru Bridge, Navrangpura, Ahmedabad-380006 which is required to be sold. Further stated that applicant/liquidator held 9 meetings of stakeholder consultation committee meeting. f) It is further submitted by the applicant that on various occasions the period of liquidation was extended on account of non-receipt of bids or non-receipt of balance sale consideration. Further, three times E-Auction was held and finally e auction was held on 17.09.2022 and gets the successful bidder for an amount of Rs. 47,91,600/-. 3. As submitted in Form-H,....

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....to the concern Income Tax Department about the dissolution of the corporate debtor. The Income Tax Department filed its claim in Form-B with NIL amount and therefore there is no liability pending towards the Income tax department. 9. In 7th Stakeholder Consultation Committee meeting which took place on 01.04.2023, the liquidator informed the SCC that CD has only one secured creditor and seven unsecured creditor. Since the funds available for distribution was not sufficient to meet the claim of secured creditor, all funds excluding the liquidation expenses was distributed to the secured creditor. Liquidator also filed an affidavit stating that there are no pending litigations, suits, or legal proceedings by or against he corporate debtor ....