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2020 (9) TMI 1172 - Tri - Insolvency and BankruptcySeeking substantive consolidation of the Corporate Debtors into a single proceedings - acceptance, confirmation and all other actions with respect to the resolution plan for the Corporate Debtors - whether the Applicant, being the Operational Creditor, initiating CIRP respect of Respondent No. 1, has any locus standi to maintain the instant Application? - HELD THAT:- Since COC of R1 Company has unanimously decided to liquidate it by appointing Ms. R. Bhuvaneswari as Liquidator in the place of Mr. Srivastava, we hereby permit and direct an appropriate Application can be filed by RP of 1st Respondent by seeking to liquidate the Corporate Debtor and for appointment of Liquidator. The instant Application is filed on misconception of facts and law, and the Applicant too has no locus to interfere in the CIRP of Respondent No.1 by filing the instant Application and it also lacks merits - Application rejected.
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