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Draft Notice and Agenda For The Third Meeting of The Stakeholders of World Consulting and Research Corporation Private Limited Final
Draft Notice and Agenda For The Third Meeting of The Stakeholders of World Consulting and Research Corporation Private Limited Final
NOTICE
FOR
CONSULTATION MEETING
WITH THE STAKEHOLDERS
IN THE LIQUIDATION
PROCESS OF
WORLD CONSULTING AND RESEARCH CORPORATION PRIVATE
LIMITED (UNDER LIQUIDATION)
VENUE:
E-7, KAILASH COLONY, NEW DELHI-110054.
Page 1 of 8
NOTICE FOR CONSULTATION MEETING WITH THE STAKEHOLDERS IN
THE LIQUIDATION PROCESS OF WORLD CONSULTING AND RESEARCH
CORPORATION PRIVATE LIMITED
NOTICE is hereby given under Section 35(2) of Insolvency and Bankruptcy Code,
2016 for the third meeting for consultation with the Stakeholders of WORLD
CONSULTING AND RESEARCH CORPORATION PRIVATE LIMITED (in short,
“WCRCPL”), a company undergoing liquidation process under the provisions of
Insolvency & Bankruptcy Code, 2016, will be held on 10 th MARCH, 2021 at 12:00 P.M. at
E-7, Kailash Colony, New Delhi-110054.
The agenda of the matters to be discussed at the meeting is hereby enclosed along with notes
to agenda and explanatory statements.
SD/-
Kanti Mohan Rustagi
Liquidator
In the matter of World Consulting And Research
Corporation Private Limited (Undergoing
Liquidation Process)
IBBI Regn. No: IBBI/IPA-002/IP-N00097/2017-18/10240
Address: E-7, Kailash Colony, New Delhi – 110054
Email: liquidator.wcarcpl@gmail.com
Enclosed:
1) List of Persons to whom the Notice for the Consultation meeting of stakeholders is
being sent;
Agenda for the Third Meeting of the Stakeholders of World Consulting And Research
Corporation Private Limited (Under Liquidation) to be held on Wednesday, 10 th March,
2021, at 12:00 P.M. at E-7, Kailash Colony, New Delhi-110054, via Video Conferencing
is as follows:
Item Particulars
No.
A. List of matters to be discussed/noted
1. The Liquidator to take the Chair.
2. To take note of developments/progress subsequent to the passing of the order
of the liquidation dated 07.08.2019 by Hon’ble NCLT, Delhi bench.
3. To discuss the Process for funding of Liquidation Cost.
4. To discuss the issue of No Objection Certificate not received from ICICI Bank.
5. To discuss the Process of sale of car and the Brand to the bidders and likely
availability of funds in Liquidation Estate.
6. To discuss upon finalize the steps for closure and Filing the Dissolution
Application.
Any other matter with the permission of the chair
SD/-
Kanti Mohan Rustagi
Liquidator
In the matter of World Consulting And Research
Corporation Private Limited (Undergoing
Liquidation Process)
IBBI Regn. No: IBBI/IPA-002/IP-N00097/2017-18/10240
Address: E-7, Kailash Colony, New Delhi -
110054 Email: liquidator.wcarcpl@gmail.com
ITEM NO. 1
The undersigned, in his capacity as the Liquidator of World Consulting And Research
Corporation Private Limited, will chair the meeting.
ITEM NO. 2
The Liquidator has incurred expense in the Liquidation process of the corporate debtor and the
corporate debtor has only two assets available one is Vehicle and Brand Name of Company. It
is pertinent to note that it is the responsibility of the stake holder to pay the expenses done by
liquidator on actual basis.
Total 297985
The financial creditors are requested to contribute towards the liquidation cost under Regulation
2A of the Liquidation Process Regulations in the ratio of their claims.
ITEM NO.4
ITEM NO.6
TO DISCUSS UPON FINALISE THE STEPS FOR CLOSURE AND FILING THE
DISSOLUTION APPLICATION.
Since there are is only two assets available in the company one is Vehicle and Brand Name of
the Company is available with the liquidator. There for liquidator is of the view the company
should be dissolved as per section 54 of the IBC 2016 after sale of the assets as above.
In case, there is no other matter for discussion in the meeting, the meeting will be
concluded with a vote of thanks to all present in the meeting.
SD/-
Kanti Mohan Rustagi
Liquidator
In the matter of World Consulting And Research
Corporation Private Limited (Undergoing
Liquidation Process)
IBBI Regn. No: IBBI/IPA-002/IP-N00097/2017-18/10240
Address: E-7, Kailash Colony, New Delhi -
110054 Email: liquidator.wcarcpl@gmail.com