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2019 (4) TMI 1207 - NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI BENCHLiquidation of the corporate debtor, M/s Integrated Caps Pvt. Ltd. - Initiation of Corporate Insolvency Resolution Process - Section 9 of Insolvency and Bankruptcy Code, 2016 - HELD THAT:- In the absence of any resolution plan and for want of time beyond statutory CIRP period; there is no other alternative but to order in conformity with the required majority decision of the CoC for liquidation of the corporate debtor under Section 33 of the Code. Application is allowed by ordering liquidation of the corporate debtor, namely M/s Integrated Caps Pvt. Ltd. in the manner laid down in the Chapter III of Part II of the Insolvency and Bankruptcy Code, 2016.
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