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2019 (9) TMI 1052 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - liquidation of the Corporate Debtor - HELD THAT:- The Resolution Professional has filed the present application seeking order for liquidation of the Corporate Debtor viz., M/s.RLS Alloys Private Limited. Since, no Resolution Plan has been received by this Authority under Sub-section (6) of Section 30 of the I&B Code, 2016, before the expiry of the maximum period of 180 days of CIR Process, the Corporate Debtor has to be ordered for Liquidation. Application allowed.
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