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2019 (12) TMI 1524 - Tri - Insolvency and BankruptcySeeking order for liquidation of Corporate Debtor - section 33(2) of I & B code, 2016 - HELD THAT:- In the instant case, the contention of the Suspended Director cannot be taken into consideration in view of the aforesaid amended provisions of Section 33(2) of IB Code, 2019. Thus, in view of the facts and circumstances recorded by RP, this Adjudicating Authority did not receive any Resolution Plan under Sub-Section (6) of Section 30 and the CoC resolved to liquidate the Corporate Debtor with required majority. Therefore, in exercise of powers conferred under Sub-Clauses (i), (ii) and (iii) of Clause (b) of Sub-Section (1) of Section 33 of the I&B Code, 2016, the liquidation order is passed. Application allowed.
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