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2018 (8) TMI 2051 - Tri - Insolvency and BankruptcySeeking Liquidation of Corporate Debtor - Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- A perusal of the of the Minutes of the Meeting of the CoCs dated 18.07.2018 reveals that till the expiry of the maximum period of CIRP, no Resolution Plan was approved by the CoCs under Sub-section (4) of Section 30 of the I&B Code, 2016. Under these circumstances, the case falls within the purview of Section 33(1)(a) of the I&B Code, 2016, as no Resolution Plan has been received by this Authority, till the expiry of the minimum period permitted for completion of the CIR Process under Section 12 of the Code, 2016. This Adjudicating Authority did not receive any Resolution Plan under Sub-section (6) of Section 30 - this Authority hereby orders for liquidation of the Corporate Debtor viz., M/s. GB Engineering Enterprises Private Limited, which shall be conducted in the manner as laid down in Chapter III of part II of the I&B code, 2016 - application allowed.
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