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2019 (7) TMI 1249 - Tri - Insolvency and BankruptcyIssuance of directions for liquidation of the corporate debtor - Section 33 (1) of Insolvency and Bankruptcy Code, 2016 - HELD THAT:- In the factual background and 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 - The Resolution Professional has submitted its written consent by filing an affidavit, in Form AA under the Code, to be appointed as Liquidator in the present case. The application is allowed by ordering liquidation of the corporate debtor, namely Shilpi Cable Technologies Limited.
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