Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2019 (10) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (10) TMI 417 - Tri - Insolvency and BankruptcyLiquidation of the Corporate Debtor - Section 33(2) of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- When no Resolution Applicant came forward with a viable and feasible resolution plan, the CoC could not get any opportunity to approve the resolution plan, therefore the CoC finally passed unanimous resolution on 20.06.2019 for liquidation of this Corporate Debtor. The Applicant (RP) herein placed this application annexing the resolution passed by the CoC on 20.06.2019 with 100% voting suggesting the same Resolution Professional’s name to continue as Liquidator of the Corporate Debtor Company. This Bench hereby orders for liquidation.
|