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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.
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
Mehul Choksi: The company was originally admitted under the Corporate Insolvency Resolution Process (CIRP) in October 2018. It has admitted liabilities of over Rs 12,558 crore.
The company was originally admitted under the Corporate Insolvency Resolution Process (CIRP) in October 2018. It has admitted liabilities of over Rs 12,558 crore.
The sale of gold, platinum and diamond jewellery will take place through e-auction on March 25, as per the notice.