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2019 (6) TMI 1518 - NATIONAL COMPANY LAW TRIBUNAL, BENGALURUApproval of Resolution Plan - Section 33(2) of the Insolvency and Bankruptcy Code, 2016 - CIRP process - HELD THAT:- The Liquidator has furnished written consent dated 30.05.2019 attached to IA No. 267/2019, stating that he is eligible to be appointed as Liquidator of the Corporate Debtor in accordance with the provisions of Insolvency and Bankruptcy Board (Liquidation Process) Regulations, 2016. Therefore, Committee of Creditors and Resolution Professional have proposed Liquidation Process under Section 33(2) of the insolvency and Bankruptcy Code, 2016 - thus, there are sufficient grounds to initiate Liquidation Process. Application disposed off.
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