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2019 (11) TMI 1692 - NATIONAL COMPANY LAW TRIBUNAL BENGALURU BENCHApproval of Resolution Plan - Seeking to declare that the decision taken by Committee of Creditors (CoC) in its 8th meeting - HELD THAT:- Application filed u/s 33 (2) of the IBC, 2016, putting M/s. IDEB Projects Pvt. Ltd., to be liquidated in the manner as laid down in Chapter III (Liquidation Process) of Part II of the Code and appointing Shri Velayudham Jayavel, as Liquidator, subject to the terms and conditions to be agreed upon by the parties in the light of the extant provisions of the IBBI, the instant Applications are not maintainable under the extant provisions of Code. Application dismissed.
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