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2018 (9) TMI 1952 - Tri - Insolvency and BankruptcyLiquidation of the Corporate Debtor - Section 33(1) of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- The Resolution Professional moved this application for passing order under Section 33(1) to liquidate the Corporate Debtor. Upon hearing the argument on the side of the Ld. Counsel appearing for the Resolution Professional at length, it is satisfying that this is a fit case in which liquidation of the Corporate Debtor is to be ordered in accordance with Section 33(1), Chapter III of the Insolvency and Bankruptcy Code, 2016. Therefore, the application is liable to be allowed. The Corporate Debtor Shree Ganesh Jewellery House (I) Limited is directed to be liquidated in the manner as laid down in Chapter III, Part II of the Insolvency and Bankruptcy Code, 2016 read with Section 33(1) of the I&B Code, 2016 - application allowed.
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