We hereby intimate you that CIRP has been initiated in respect of Silveroak Commercials Limited (the company) under the provisions of Insolvency and code 2016 (IBC) by an order of National Company Law Tribunal with effect from 2nd May 2019.
As per section 17 of IBC 2016, the powers of the board of directors stands suspended, and such powers shall be vested with me, Rajendra kumar Khandelwal (IP Registration No. IBBI/IPA-001/IP-P01140/2018-2019/11867 appointed as IRP with respect to the company.
It may further be noted that as per section 14 of IBC 2016 the said NCLT order has declared a moratorium prohibiting all of the following namely:-
(a) the institution of suits or continuation of pending suits or proceedings against the corporate de…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/silver-oak-commercial-ltd-corporate-insolvency-resolution-process-cirp-appointment-of-interim-resolution-professional-irp/article27377867.ece