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2021 (3) TMI 1270 - Tri - Insolvency and BankruptcyLiquidation of Corporate Debtor - Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- During the pendency, the Resolution Applicant has withdrawn his resolution plan and the application for extension has been frustrated. Hence, no resolution has been passed by COC and the present application has been filed under Section 33(1)(a) on 21.08.2020 and the essential ingredients of the same stand satisfied. In view of the satisfaction of the conditions provided under Section 33(1)(a) of the Code, the corporate debtor Best Foods Limited is directed to be liquidated in the manner as laid down in Chapter III of the Code - Application allowed.
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