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2019 (1) TMI 1781 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAI BENCHLiquidation of Corporate Debtor - HELD THAT:- Considering the resolution approved by the COC, the facts and circumstances of the case, no meaningful resolution can be arrived at in the CIR Process. It is further submitted that two Registered Valuers were appointed to determine the fair value and liquidation value of the Corporate Debtor in accordance with Regulation 35 and both the have been submitted their valuation report to RP. Therefore the RP has stated that the case of the Corporate Debtor is a fit and appropriate case to be dissolved as recommended by the CoC and filed this Application for liquidation of Corporate Debtor. This Adjudicating Authority deems it fit to Order liquidation of the Corporate Debtor - Application disposed off.
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