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Gitanjali Gems: The bench also appointed Santanu T Ray as the liquidator, who will complete the liquidation process as per the provisions of the IBC, 2016, according to an NCLT order, filed on BSE. The resolution professional of the jewellery retailer, Vijay Kumar Garg, filed the application for liquidation in NCLT.
The NCLT, in its order, observed that due to the ongoing investigations, attachment of assets and the low likelihood of insolvency resolution, it was necessary to proceed with the liquidation of Gitanjali Gems ...
The Delhi High Court has asked fugitive businessman Mehul Choksi to be physically present for hearing in his case against the Netflix series 'Bad Boy Billionaires'. Choksi had challenged the dismissal of his plea to pre-screen the Netflix docuseries.
This came after the company’s committee of creditors (CoC) had in their meeting on April 2019 resolved to liquidate the debtor by a majority of 90.16 per cent voting in favour
Recently, the National Company Law Tribunal (NCLAT) Mumbai Bench has ruled for the liquidation of Gitanjali Gems, a jewelry retailing company headed by fugitive Mehul Choksi, under Section 33 of the...