Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2020 (5) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (5) TMI 694 - Tri - Insolvency and BankruptcyLiquidation of the Corporate Debtor - Section 33 (2) of the IBC, 2016 - HELD THAT:- Taking into consideration the provisions of Section 33 of IBC,2016 and in the absence of any opposition to the Application from the Promoters of the Corporate Debtor and also guided by the decision of the Hon’ble Supreme Court in the matter of Mr. K. Sasidharan -Vs-- Indian Overseas Bank [2019 (2) TMI 1043 - SUPREME COURT], this Tribunal orders for the liquidation of the Corporate Debtor. Mr. K.C.Senthilkumar is appointed as the Liquidator of the Corporate Debtor to carry out the liquidation process subject to the terms of the directions imposed - application allowed.
|