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2019 (2) TMI 1835 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAI BENCHInitiation of CIRP Process - Section 33(2) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- In exercise of powers conferred under Sub-Clauses (i), (ii) and (iii) of Clause (a) of Sub-section (1) of Section 33 of the I&B Code, 2016, this Authority proceeds to pass Liquidation Order as follows:- This Authority orders for liquidation of the Corporate Debtor viz., M/s. Praiseworth Infra Private Limited. - This Authority appoints the Resolution Professional viz., Mr. C. Ramasubramaniam as Company Liquidator, who shall issue a public announcement stating therein that the Corporate Debtor is in liquidation - The moratorium declared under Section 14 of the I&B Code, 2016, shall cease to have effect from the date of passing of this order of liquidation. The petition filed by the Resolution Professional under Section 33(2) of the I&B Code, 2016, for initiation of the Liquidation Proceedings against the Corporate Debtor viz., M/s. Praiseworth Infra Private Limited, stands disposed of.
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