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2020 (1) TMI 1570 - Tri - Insolvency and BankruptcySeeking liquidation of Corporate Debtor - Section 33 of I&B Code - HELD THAT:- In view of the averments made in the Progress Report particularly in the Fourth/Final Report filed by the RP, it is deemed fit and proper in these circumstances to pass an order of Liquidation of the Corporate Debtor under Section 33(2) of the Code, particularly for the reason that there is no resolution applicant forth-coming to take over or submit its Resolution Plan. The Corporate Debtor has been ordered to be liquidated - Application allowed.
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