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2020 (10) TMI 542 - Tri - Insolvency and BankruptcyLiquidation of the Corporate Debtor - no resolution plan could be accepted - Section 33 and 34 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- Since allegations have been made against the Liquidator by some of the Creditors, it is made clear that Resolution Professional is only a Facilitator and he is not the deciding authority for the claims and it is only the CoC who decides the claim. Therefore, I do not find any reason to differ from the decision of the CoC not to appoint Mr. Nitin H Parikh as the Liquidator of the Corporate Debtor - In case some of the Operational Creditors who have complained against the proposed Liquidator, they may refer the matter to the IBBI as IBBI is the Regulator for all Insolvency Professionals registered with them for their investigations and doing the needful at their end. Liquidation of the Corporate Debtor is allowed - application allowed.
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