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2019 (9) TMI 1580 - NATIONAL COMPANY LAW TRIBUNAL, BENGALURUSeeking Liquidation of Corporate Debtor - Section 60(5)(C) read with Section 33(2) and Section 34(1) of IBC, 2016 - HELD THAT:- Section 33 of I&B Code provides if no resolution plan is received then order of liquidation has to be passed against the Corporate Debtor Company - Committee of Creditors also approved the resolution for liquidation. In the result, the instant Application needs to be allowed to liquidate the Corporate Debtor Company - the Corporate Debtor is ordered to be liquidated - application allowed.
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